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MarketsJun 23, 2025

After Trump Media and $TRUMP Token, Could This SPAC Be Next?

Conservative Commerce

Noah Weidner

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The glory days of Trump Media and the meme coin may be in the rearview, but there’s no denying that the Trump Trade has paid off — at least for the President himself. Up $600M this year, the retail crowd remains uniquely tuned in to Trump-flavored opportunities — and a new one could be emerging in Colombier II Acquisition Corp, a SPAC with a surprising connection to the First Family.

GrabAGun, an online gun dealer that counts Donald Trump Jr. as an advisor and board member, plans to merge with Colombier this Summer in a $150M deal, taking on the ticker.
Trump Jr. has underscored that GrabAGun will do for the Second Amendment what other Trump-affiliated apps, “like Truth Social, PublicSquare, and Rumble,” have done for the First.

Hitting the target: GrabAGun’s investor deck singles itself out as a rare growth story in the firearm landscape, which has been receding post-2022. However, with $93.1M in 2024 revenue and $4.7M in EBITDA, fundamentals won’t necessarily be what sells this deal — investors will be betting on the Trump name. With the business combination vote slated for July 15, the stock could be heating up even more — potentially turning it into the next speculative destination for those playing the Trump Trade.