Trading under the ticker PEW, GrabAGun is the latest company to go public via special-purpose acquisition company (SPAC). And, as Jeffrey Sprecher \u2014 chair and CEO of Intercontinental Exchange, the parent company that owns the NYSE \u2014 told Wednesday\u2019s crowd, the first to do so with zero shareholder redemptions.<\/p>\n
GrabAGun\u2019s debut marked the first-ever SPAC listing with zero shareholder redemptions. JUSTIN LANE\/EPA\/Shutterstock<\/p>\n
More than 60 blank-check companies have already gone public this year, raising $12.4 billion so far<\/a> \u2014 the most since 2021, when the SPAC market reached a fever pitch with $162.6 billion raises, according to Dealogic.<\/p>\n Omeed Malik, 1789\u2019s founder and president, said he believes the public is ready to back businesses previously sidelined by woke investors who prioritize investing in companies promoting environmental, society and governance issues, known as ESG investing.\u00a0<\/p>\n He coined the term EIG \u2014 entrepreneurship, innovation and growth \u2014 to characterize 1789 Capital\u2019s priorities.<\/p>\n GrabAGun is a Texas-based online firearms retailer known for its wide selection of guns, ammo and accessories. Getty Images<\/p>\n \u201cIt\u2019s not just parallel economy,\u201d Malik told NYNext this week. \u201cWe want to invest in any company that\u2019s going to enhance the security or prosperity of the United States.<\/p>\n \u201cIt could be a defense tech company. It could be helping with the re-industrialization of the United States around rare earth minerals. Or it could be a very innovative AI company that\u2019s disrupting something inefficient that the American people need.\u201d<\/p>\n 1789 Capital was founded by Omeed Malik (left) on the thesis that capital markets have become increasingly politicized \u2014 and aims to counter that by investing in the EIG (entrepreneurship, innovation and growth) world. AFP via Getty Images<\/p>\n When Trump and Malik Jr. took online marketplace PublicSquare public in 2022, the move was framed as a response to what they viewed as ideological censorship by Big Tech.<\/p>\n![\"\"](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/NYNEXT_Small.png\")
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