06:58 AM EST, 01/06/2025 (MT Newswires) -- Colombier Acquisition Corp (CLBR) has agreed to merge with GrabAGun in a deal valuing the online weapons vendor at $150 million, Bloomberg reported Sunday, citing people familiar with the matter.

Bloomberg reported that Colombier Chief Executive Omeed Malik also founded the investment firm 1789 Capital, which backs companies aligned with the American political right.

Colombier and GrabAGun did not immediately reply to MT Newswires' requests for comment.

Shares of Colombier were up more than 8% in Monday's premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)