08:19 AM EDT, 07/17/2025 (MT Newswires) -- GrabAGun Digital (PEW) shares were down 10% in premarket activity on Thursday after falling 24% in its trading debut on the New York Stock Exchange on Wednesday.

The company was result of a business combination of Colombier Acquisition Corp II ( PEW ) and online firearm retailer Metroplex Trading, doing business as GrabAGun.com, which was completed on Tuesday. Colombier II and Metroplex Trading became subsidiaries of GrabAGun Digital, according to a statement.

GrabAGun Digital received more than $179 million of gross proceeds resulting from the transaction, which will be used for working capital and other corporate purposes, Colombier II said.