What's Going On With Colombier Shares On Tuesday?
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Colombier Acquisition Corp. II (CLBR) shares fell 7.13% to $15.75 on Tuesday as investors assessed risks related to its merger with GrabAGun, an online firearms retailer. Despite minimal shareholder redemption requests indicating support for the deal, concerns linger over GrabAGun's entry into public markets and its financial outlook post-merger. The merger, expected to close on July 15, 2025, will provide over $179.1 million in gross proceeds to GrabAGun, with the new entity anticipated to trade under the ticker symbols "PEW" and "PEWW."
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