IPO Edge
1 min read
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By Karen Roman
1789 Capital Partner Donald Trump Jr. joined CNBC’s ‘Squawk Box’ on June 3 to discuss the GrabAGun SPAC deal, aiming to become the Amazon of gun shopping.
The merger between Colombier Acquisition Corp. II (NYSE: CLBR) and online retailer GrabAGun is expected to close by the end of this summer.
Mr. Trump mentioned the existing restrictions for prospective gun buyers and how GrabAGun targets those limitations by opening up a more accessible online market, while abiding with legal regulations by being a licensed firearm dealership. He also said the company supports proper training for safe gun use.
1789 Capital President Omeed Malik also mentioned how the partnership started four years ago with the goal of democratizing capital markets. He said the SPAC deals 1789 Capital operates have the support of retail investors who can buy the companies’ shares and support them, with examples like Truth Social, PublicSquare, and Rumble.
Watch the interview below:
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