[8-K] Colombier Acquisition Corp. II Reports Material Event

Rhea-AI Filing Summary

Form 8-K – Item 8.01 Other Events

On 11 July 2025 Colombier Acquisition Corp. II ("CLBR") and Metroplex Trading Company LLC d.b.a. GrabAGun jointly disclosed that, as of the redemption deadline connected with their proposed business combination, only minimal redemption requests were submitted by holders of CLBR’s Class A ordinary shares. The company also stated it will not allow the withdrawal of any redemption requests already tendered.

Low redemptions are important for investors because they preserve the cash held in the SPAC’s trust account, which can be deployed by the post-combination entity and reduce financing risk. In addition, the outcome indicates solid shareholder backing ahead of the Extraordinary General Meeting scheduled for 15 July 2025, at which shareholders will vote on the merger. Definitive proxy materials have been mailed to shareholders of record as of 20 June 2025, and the joint Form S-4 registration statement is effective.

The filing contains customary forward-looking statements highlighting regulatory, operational and market risks that could affect completion and expected benefits of the transaction. No financial statements or pro-forma projections were provided in this report. A press release describing the minimal redemptions is furnished as Exhibit 99.1.

Positive

• Minimal redemption requests preserve the SPAC’s trust cash, enhancing the financial footing of the post-combination company and signalling strong shareholder support.

Negative

• CLBR will not permit withdrawal of previously tendered redemption requests, limiting flexibility for shareholders who may reconsider prior to the vote.

Insights

SPAC Analyst

TL;DR Minimal redemptions retain trust cash and signal shareholder support, materially improving the GrabAGun merger outlook.

The announcement that only a small number of shareholders elected to redeem their shares materially strengthens CLBR’s balance-sheet position going into the merger. Retaining most of the trust allows the combined company to fund growth plans without immediate external financing and reduces dilution risk for existing investors. It also demonstrates confidence among the SPAC’s investor base, lowering the likelihood of last-minute deal failure. Overall, the event is decidedly positive for deal completion and post-merger liquidity.

Risk Analyst

TL;DR Positive cash outcome tempered by standard forward-looking and regulatory risks cited in the filing.

While minimal redemptions are encouraging, the 8-K reiterates numerous uncertainties—regulatory approvals (especially firearm-related licenses), litigation exposure and market conditions—that could still derail or delay closing. The company’s refusal to allow redemption withdrawals may limit shareholder flexibility, though it protects cash certainty. Net impact remains favorable, but investors should remain mindful of the extensive risk factors listed.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 11, 2025

Colombier Acquisition Corp. II

(Exact name of registrant as specified in its charter)

Cayman Islands		001-41874		86-1753949
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

214 Brazilian Avenue, Suite 200-J Palm Beach, FL		33480
(Address of principal executive offices)		(Zip Code)

(561) 805-3588

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☒ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☒ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-third of one warrant		CLBR.U		New York Stock Exchange
Shares of Class A common stock		CLBR		New York Stock Exchange
Warrants included as part of the units		CLBR.WS		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On July 11, 2025, Colombier Acquisition Corp. II (the “Company” or “Colombier II”) and Metroplex Trading Company LLC d.b.a. GrabAGun.com (“GrabAGun”), issued a press release announcing that, as of the deadline (the “Redemption Deadline”) for holders of redeemable Class A ordinary shares of Colombier II (“Colombier public shares”) to request redemption of such Colombier public shares in connection with the anticipated consummation of the proposed business combination (the “Business Combination”) between Colombier II and GrabAGun, Colombier II has received minimal redemption requests and Colombier II does not intend to permit withdrawal of any previously tendered requests to redeem Colombier public shares.

A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K.

Forward-Looking Statements

The information in this Current Report on Form 8-K includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, references with respect to the anticipated benefits of the proposed Business Combination; GrabAGun’s ability to successfully execute its expansion plans and business initiatives; the sources and uses of cash of the proposed Business Combination; the anticipated capitalization and enterprise value of the combined company following the consummation of the proposed Business Combination; and expectations related to the terms and timing of the proposed Business Combination. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K, and on the current expectations of GrabAGun’s and Colombier II’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of GrabAGun and Colombier II. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; the inability to recognize the anticipated benefits of the Business Combination; the inability of GrabAGun to maintain, and Pubco to obtain, as necessary, any permits necessary for the conduct of GrabAGun’s business, including federal firearm licenses issued pursuant to the Gun Control Act, 18 USC 921 et seq. and special occupational taxpayer stamps issued pursuant to the National Firearms Act, 26 USC 5849 et seq.; the disqualification, revocation or modification of the status of those persons designated by GrabAGun as Responsible Persons, as such term is defined in 18 U.S.C. 841(s); the ability to maintain the listing of Colombier II’s securities on a national securities exchange; the ability to obtain or maintain the listing of Pubco’s securities on the NYSE following the Business Combination; costs related to the Business Combination; changes in business, market, financial, political and legal conditions; risks relating to GrabAGun’s operations and business, including information technology and cybersecurity risks, and deterioration in relationships between GrabAGun and its employees; GrabAGun’s ability to successfully collaborate with business partners; demand for GrabAGun’s current and future offerings; risks that orders that have been placed for GrabAGun’s products are cancelled or modified; risks related to increased competition; risks that GrabAGun is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to GrabAGun’s products; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the risk that the Business Combination may not be completed in a timely manner, or at all, which may adversely affect the price of Colombier II’s securities; the risk that the Business Combination may not be completed by Colombier II’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Colombier II; the failure to satisfy the conditions to the consummation of the Business Combination; the outcome of any legal proceedings that may be instituted against GrabAGun, Colombier II, Pubco or others with respect to the proposed Business Combination and transactions contemplated thereby; the ability of GrabAGun to execute its business model; and those risk factors discussed in documents of Pubco and Colombier II filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Colombier II nor GrabAGun presently know or that Colombier II and GrabAGun currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Colombier II’s, Pubco’s and GrabAGun’s expectations, plans or forecasts of future events and views as of the date of this Current Report on Form 8-K. Colombier II, Pubco and GrabAGun anticipate that subsequent events and developments will cause Colombier II’s, Pubco’s and GrabAGun’s assessments to change. However, while Colombier II, Pubco and GrabAGun may elect to update these forward-looking statements at some point in the future, Colombier II, Pubco and GrabAGun specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by Colombier II. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

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Important Information About the Transactions and Where to Find It

Pubco, as registrant, and GrabAGun, as co-registrant, filed a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”) with SEC in connection with the Business Combination, which has been declared effective. The Registration Statement includes a preliminary proxy statement of Colombier II and a prospectus in connection with the proposed Business Combination involving Colombier II, Pubco, Colombier Merger Sub, GrabAGun Merger Sub and GrabAGun, that is the subject of the Business Combination Agreement.

Colombier II has also filed with the SEC a definitive proxy statement (the “Proxy Statement”) containing important information about the Extraordinary General Meeting of Colombier shareholders scheduled to occur on July 15, 2025 (the “Meeting”) and how Colombier II shareholders as of the record date of June 20, 2025 (the “Record Date”) established for purposes of the Meeting can vote their shares.

SHAREHOLDERS OF COLOMBIER II AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT, AND AMENDMENTS THERETO, IN CONNECTION WITH COLOMBIER II’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT COLOMBIER II, GRABAGUN, PUBCO AND THE BUSINESS COMBINATION. Colombier has mailed definitive proxy statement/prospectus and a proxy card to each shareholder of Colombier as of the Record Date. Shareholders can also obtain copies of the Registration Statement and the Proxy Statement, without charge, on the SEC’s website at www.sec.gov or by directing a request to: Colombier Acquisition Corp. II, 214 Brazilian Avenue, Suite 200-J, Palm Beach, FL 33480; e-mail: colombier@icrinc.com.

Participants in the Solicitation

Pubco, Colombier II, GrabAGun, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Colombier II in connection with the Business Combination. Colombier II’s shareholders and other interested persons may obtain more detailed information regarding the names, affiliations, and interests of certain of Colombier executive officers and directors in the solicitation by reading Colombier II’s final prospectus filed with the SEC on November 20, 2023 in connection with Colombier II’s initial public offering, Colombier II’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 11, 2025 and Colombier II’s other filings with the SEC, including the Registration Statement and the Proxy Statement. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination, which may, in some cases, be different from those of shareholders generally, is set forth in the Proxy Statement. These documents can be obtained free of charge from the source indicated above.

Disclaimer

This Current Report on Form 8-K shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Business Combination or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, dated July 11, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Colombier Acquisition Corp. II
Date: July 11, 2025	By:	/s/ Omeed Malik
		Name:	Omeed Malik
		Title:	Chief Executive Officer

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FAQ

What did Colombier Acquisition Corp. II (CLBR) announce on 11 July 2025?

It reported that only minimal redemption requests were received ahead of its proposed merger with GrabAGun.

When is the extraordinary general meeting to approve the GrabAGun business combination?

The meeting is scheduled for 15 July 2025.

What is the record date for shareholders eligible to vote?

Shareholders of record as of 20 June 2025 may vote.

Which trading symbols cover Colombier’s securities?

Units: CLBR.U, Class A shares: CLBR, Warrants: CLBR.WS on the NYSE.

Where can investors find the related press release?

The press release is filed as Exhibit 99.1 to this Form 8-K.

Is Colombier Acquisition Corp. II classified as an emerging growth company?

Yes, the filing marks CLBR as an emerging growth company under SEC rules.

Does this 8-K include financial statements?

No—only the press release (Exhibit 99.1) and cover page interactive data file are attached; no financials were provided.