What's Going On With Colombier Acquisition (CLBR) Stock?

Colombier Acquisition Corporation CLBR shares are trading higher on Tuesday. The company announced it has received requests to redeem a total of 14,286,259 CLBR public shares, representing 83% of the total public shares of Colombier.

What To Know:

On Monday, Colombier announced that it has received requests to redeem a total of 14,286,259 Colombier public shares. If all of the redemption requests received are satisfied, 2,963,741 public shares of Colombier would be outstanding.

Colombier will hold a special meeting of stockholders via live webcast on Wednesday at 10:00 a.m. ET for its stockholders to approve the proposed business combination with PSQ Holdings, Inc. and related matters.

CLBR shares are trading on high volume with more than 1.25 million shares already traded on Tuesday. According to Benzinga Pro, the CLBR 100-day average volume is slightly more than 617 thousand shares. 

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CLBR Price Action: According to data from Benzinga Pro, Colombier shares are trading 13.2% higher at $11.60 at the time of publication.

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