The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge

Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut on Wednesday after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell at the New York Stock Exchange. GrabAGun, which also sells ammunition and firearm accessories on its website, went public through a merger with special acquisition company (SPAC) Colombier Acquisition Corp. The Palm Beach, Florida, company said the transaction netted it more than $119 million, which GrabAGun said will be used for working capital and “other purposes to accelerate the company's future growth.” Trump Jr. had been named to one board seat between 2020 and 2025, and that was his father's Trump Media & Technology Group in 2022.