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Colombier Acquisition Corp. III, a blank-check company backed by entrepreneur Omeed Malik, has officially filed for an initial public offering (IPO) in the United States. Based in Palm Beach, Florida, the company aims to raise $260 millionby offering 26 million shares at $10 each, with plans to list its units on the New York Stock Exchange under the ticker symbol “CLBR U.”
The company’s board features several high-profile figures, including Donald Trump Jr., son of U.S. President Donald Trump, who has been a partner at 1789 Capital since November 2024. The investment firm, co-founded in 2022 by Omeed Malik and Chris Buskirk, promotes its mission as “funding the next chapter of American exceptionalism.” Malik, known for his political ties and financial backing of Trump’s presidential campaign, continues to expand his influence in the SPAC and investment world.
Also joining the board is venture capitalist Chamath Palihapitiya, often referred to as Wall Street’s “SPAC king” for his numerous successful blank-check deals. The inclusion of such prominent names highlights growing investor interest in special purpose acquisition companies as a fast-track route to public listings.
SPACs, or special purpose acquisition companies, raise capital through IPOs to merge with private firms, enabling them to go public without the lengthy and complex traditional IPO process. Colombier’s latest venture follows a series of Trump family business initiatives, including the launch of a meme coin earlier this year and World Liberty Financial, a crypto venture partly owned by President Trump.
Notably, GrabAGun, a firearms retailer backed by Donald Trump Jr., went public through a merger with Colombier Acquisition Corp. II, another Malik-backed SPAC. Roth Capital will serve as the underwriter for the latest offering.
