SPAC Colombier Acquisition III prices $260 million US IPO, led by Omeed Malik
IPO Overview
Colombier Acquisition III, the third blank check company led by Omeed Malik and 1789 Capital executives, raised $260 million by offering 26 million shares at $10. Each unit consists of one share of common stock and one-eighth of one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Omeed Malik, the founder and CEO of broker/dealer and investment bank Farvahar Partners, and the founder and President of Trump-linked venture firm 1789 Capital. He is joined by CFO Joe Voboril, the co-founder and Managing Partner of Farvahar Partners, and a Partner and Head of Research at 1789 Capital. They are joined by President Paul Abrahimzadeh, CIO Andrew Nasser, and COO Jordan Cohen. The board of directors includes conservative media and political figures Donald Trump, Jr., Laura Ingraham, and Blake Masters, and SPAC veteran Chamath Palihapitiya.
The SPAC plans to target businesses that fund the next chapter of American Exceptionalism by investing in the Entrepreneurship, Innovation, and Growth （“EIG”） economy.
Management’s previous SPACs include Colombier Acquisition, which went public in 2021 and completed its combination with “patriotic” marketplace PSQ Holdings （PSQH） in 2023, and Colombier Acquisition II, which went public in 2023 and completed its combination with online gun retailer GrabAGun （PEW）。
Colombier Acquisition III plans to list on the NYSE under the symbol CLBR.U. Roth Capital acted as sole bookrunner on the deal.
About the Company
We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of completing initial business combination. Our leadership team is predominantly composed of former executives and board members from Colombier II, which merged with GrabAGun, and Colombier I, which merged with PublicSquare, each as further discussed below. We are led by Omeed Malik, co-founder and Managing Partner of 1789 Capital. Like 1789 Capital, the company is formed to fund the next chapter of American Exceptionalism and help Make America Grow Again. Our strategy is to deliver creative approaches to transaction sourcing, including leveraging our network; leverage the strategic and transactional experience of our management team to bring advice and attention to potential business combination targets; and utilize our understanding of financial markets and events, financing, and overall corporate strategy options in service of these goals. We believe investor interest in companies like GrabAGun and PublicSquare demonstrates the market’s excitement to fund the next chapter of American Exceptionalism by investing in the EIG economy, a set of era-defining business and investment opportunities that we believe will build the next period of American prosperity.