GrabAGun Holdings, the online firearms retailer backed by Donald Trump Jr., dropped 24% in its NYSE debut, closing down after opening strong. The company, rebranded from GunBroker’s SPAC merger and trading under the ticker PEW, had raised roughly $179 million in gross proceeds to fuel growth initiatives. Trump Jr., a board member holding a 1% stake, rang the opening bell and has been promoting GrabAGun as the “Amazon of guns.” The platform, targeting younger buyers with features like “shoot now, pay later,” generated approximately $93 million in annual revenue and $4 million in net profits in both 2023 and 2024. The sharp decline in shares reflects investor caution over politically charged, niche e-commerce stocks. Find out more – shortsqueez.co