Matt Ott
Washington (AP) – Online firearms seller Grabagun Digital Holdings.
Grabagun’s shares initially surged, but then sank, closing almost 24%.
Grabagun, which sells ammunition and firearm accessories on its website, was made public through a merger with SPAC, a special acquisition company named Palm Beach in Palm Beach, Florida.
Special acquisition companies, sometimes referred to as “blank checks” companies, can give startups a faster and easier route to trade stocks publicly, avoiding the traditional scrutiny associated with more standard IPOs.
Corporate interest in Trump Jr.’s board membership has accelerated, along with his father’s victory in the US presidential election.
Trump Jr. was appointed to one board of directors between 2020 and 2025, but that was his father Trump Media & Technology Group in 2022.
Since Election Day in November 2024, Trump Jr. has been appointed to five boards of directors, including Grabagun.
There are distinct advantages that come with the name.
Trump Jr. was appointed to the drone maker’s rare machines committee the same month his father was elected. The company’s shares tripled within a few days of the announcement.
After naming Trump Jr. to the board in early December, he went on business as Publicsquare, and stakes in the so-called “awakening” online marketplace PSQ Holdings.
In February, financial advisory firm Dominali Holdings named Trump Jr. and his brother Eric Trump to the advisory board, sending the shares from around $3 to $13 in a few days.
Original issue: July 16th, 2025, 5:58pm EDT