GrabAGun Digital Holdings, an online firearms retailer backed by Donald Trump Jr., made its stock market debut on July 16, 2025, through a merger with a Palm Beach-based special purpose acquisition company (SPAC). Trump Jr., who joined the company's board and holds approximately 300,000 shares, described the listing as a vindication against what he called "woke nonsense." The company markets itself as the "Amazon of guns," targeting younger, tech-focused firearms customers with features such as "shoot now, pay later." Despite these ambitions, GrabAGun's shares plunged nearly 24% on their first day of trading on the New York Stock Exchange, with some reports noting a decline of up to 37%. This drop wiped about $1 million off Donald Trump Jr.'s holdings. Following the disappointing debut, Trump Jr., a partner at 1789 Capital, and founder Omeed Malik are reportedly seeking additional blank-check deals.