Launched in 2022 by Omeed Malik and Chris Buskirk, 1789 Capital has the tagline “funding the following chapter of American exceptionalism” on its web site. Malik was a distinguished donor to Donald Trump’s presidential marketing campaign.
Chamath Palihapitiya, dubbed Wall Road’s “SPAC king” for his excessive-profile clean-examine offers, will likely be one of many administrators of the company.
SPACs are shell corporations that use their IPO proceeds to merge with a personal company, thereby taking it public whereas avoiding the regulatory scrutiny of a standard itemizing.
The transfer is the newest in a collection of ventures by the U.S. president’s family, together with a meme coin launched in January, and World Liberty Monetary – a crypto company partly owned by the president.
Donald Trump Jr.-backed firearms retailer GrabAGun went public after clinching a merger with Colombier Acquisition Corp. II, a particular goal acquisition company backed by Malik.Colombier mentioned it will apply to record its models on the New York Inventory Change underneath the “CLBR U” ticker image. Roth Capital is the underwriter for the providing.
FAQs
Q1. Who’s President of USA?
A1. President of USA is Donald Trump.
Q2. What are SPACs?
A2. SPACs are shell corporations that use their IPO proceeds to merge with a personal company, thereby taking it public whereas avoiding the regulatory scrutiny of a standard itemizing.
