Colombier Acquisition Corp. II (CLBR) announced that it received minimal redemption requests from its shareholders by the July 11, 2025 deadline. This indicates strong shareholder support for the proposed business combination with GrabAGun. High redemption rates can often jeopardize SPAC mergers.
Based on these minimal redemptions, Colombier II expects to deliver over $179.1 million in gross proceeds to GrabAGun Digital Holdings at the closing of the transaction. This represents nearly 100% of the cash and cash equivalents held in the Colombier II trust account.
The business combination is still expected to close on July 15, 2025, following the extraordinary general meeting of shareholders scheduled for the same day. The substantial capital infusion is intended to accelerate GrabAGun’s growth strategy, fund acquisition plans, and cover general corporate expenses.
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