Donald Trump Jr.-backed GrabAGun goes public – Business News
Online gun retailer GrabAGun is itemizing on the New York Stock Exchange July 16 — in a SPAC backed by Donald Trump Jr. and 1789 Capital founder Omeed Malik.
The pair can be ringing the bell, together with GrabAGun CEO Marc Nemati, in honor of the itemizing. Trump, who additionally joined 1789 Capital in November, will turn out to be a particular advisor to the company, which sells firearms and equipment online.
This is maybe one more signal SPACs — particular function acquisition corporations or automobiles that may take a non-public company public — are back in vogue. While Colombier II (the identify of the SPAC taking GrabAGun public) listed in October 2023, it comes as 61 clean verify corporations have already gone public this 12 months. These corporations have raised $12.4 billion thus far in 2025 — essentially the most since 2021 when the SPAC market reached a fever pitch with $162.6 billion raises, in line with Dealogic.
Omeed Malik (left) and Donald Trump Jr. can be ringing the bell, together with GrabAGun CEO Marc Nemati, in honor of the itemizing. AFP through Getty Images
But it’s additionally a signal that non-woke corporations are welcome on Wall Street.
Trump Jr. beforehand informed NYNext that GrabAGun encapsulates 1789’s imaginative and prescient of offering stable, well-oiled companies — which were blackballed by most financiers — with financial assets and backing.
“It shows our business model — we are giving a company that has been ostracized bandwidth to operate,” Trump explains.
Malik has described the itemizing — like all of 1789’s investments — as a “contrarian” deal to take corporations who’ve been eschewed by conventional financiers public.
Omeed Malik (second from proper) and Donald Trump Jr. (middle) have listed different non-woke corporations, like PublicSq., on the New York Stock Exchange. John Angelillo/UPI/Shutterstock
Malik and Trump have turn out to be vital buyers within the “parallel economy” — capitalizing on alternatives passed over by woke buyers who prioritize investing in corporations selling environmental, society and governance points, generally known as ESG investing.
Instead of ESG, Malik has coined the time period EIG for entrepreneurship, innovation, and growth to characterize 1789 Capital’s priorities.
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The deal values the online firearm retailer at $150 million — the company made more than $100 million final 12 months and is already profitable, a company spokesperson informed me.
GrabAGun markets to Millennials and Gen Zers — a growing market with purchases amongst 18-35 12 months olds up 57% since 2014.
Malik’s 1789 Capital — named for the 12 months the Bill of Rights was adopted — has raised more than $150 million from GOP mega-donor Rebekah Mercer, who backed information web site Breitbart, researchers Cambridge Analytica and former Arizona Senate candidate Blake Masters.
1789 Capital additionally made the primary investment within the Tucker Carlson Network.
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