Omeed Malik’s SPAC Said to Near Deal With Gun Retailer GrabAGun

Omeed Malik’s special purpose acquisition company Colombier Acquisition Corp. II has agreed to merge with online firearms retailer GrabAGun, a deal likely eschewed by many other Wall Street investors over ESG principles.

The transaction values GrabAGun at about $150 million and may be announced as soon as Monday, assuming talks don’t collapse at the last minute, according to people with knowledge of the matter, who asked not to be identified discussing confidential information.

Malik, a former Bank of America Corp. executive, is chairman and CEO of Colombier. He’s also founder of merchant bank Farvahar Partners and investment firm 1789 ...