Colombier Acquisition II, a blank check company targeting "entrepreneurship, innovation & growth" industries, filed on Friday with the SEC to raise up to $130 million in an initial public offering.
The Palm Beach, FL-based company plans to raise $130 million by offering 13 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Colombier Acquisition II would command a market value of $163 million.
The company is led by CEO and Chairman Omeed Malik, the founder and CEO of broker/dealer and investment bank Farvahar Partners. The company believes its management team is well positioned to identify opportunities in the "entrepreneurship, innovation & growth" industries, and plans to focus on businesses with scalable growth platforms, strong competitive positioning, and enterprise values between $150 million and $2 billion, among other characteristics.
Management's previous SPAC, Colombier Acquisition, went public in June 2021 and completed its combination with "patriotic" marketplace PSQ Holdings (PSQH; -19% from $10 offer price) this past July.
Colombier Acquisition II was founded in 2023 and plans to list on the NYSE under the symbol CLBR.U. BTIG is the sole bookrunner on the deal.
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