GrabAGun Announces Dual Listing on NYSE Texas

News Summary

GrabAGun Digital Holdings Inc. has officially announced its dual listing on the NYSE Texas while keeping its primary listing on the New York Stock Exchange. This move highlights the company’s strong Texas roots and its growth trajectory in the firearms retail sector. With proprietary eCommerce software and expectations for significant revenue growth, GrabAGun is positioned to capitalize on changes in the regulatory landscape affecting the firearms industry. The recent welcoming from NYSE Texas emphasizes the company’s potential impact in the financial market.

Exciting Times for GrabAGun in Dallas!

Dallas, Texas – There’s a buzz in the air as GrabAGun Digital Holdings Inc. makes headlines with the announcement of its dual listing on the NYSE Texas, which is a fully electronic equities exchange based right here in Dallas! This is a noteworthy step for the company, especially since it will maintain its primary listing on the New York Stock Exchange under the ticker symbol “PEW.” Talk about keeping it local!

Texas Pride and Growth

At the heart of this exciting news is GrabAGun’s deep connection to Texas. The company’s CEO has expressed incredible pride in being based in the Lone Star State and also mentioned how the state has played a pivotal role in the company’s growth journey.

All About GrabAGun

For those who might be new to the scene, GrabAGun is a digitally native eCommerce retailer that specializes in firearms, ammunition, and accessories. They are partnered with major players like Smith & Wesson, Sturm, Ruger & Co., SIG Sauer, Glock, Springfield Armory, and Hornady Manufacturing. With such a roster, it’s clear they’re playing in the big leagues!

Innovations and Revenue Forecasts

Not resting on their laurels, GrabAGun has also developed some slick proprietary software for both eCommerce and supply chain management, leveraging the power of AI for pricing and demand forecasting. This kind of innovation could help them stay ahead in a competitive market. And speaking of staying ahead, they expect to see third-quarter revenues in the range of $21 million to $23 million, which marks a potential yearly growth of between 4% to 14%. Not too shabby at all!

Analyst Opinions and Market Moves

In the world of stock market excitement, Roth/MKM has kicked off coverage of GrabAGun with a Buy rating and a target price of $8.25. This is a promising endorsement for investors looking for their next opportunity. Additionally, the company has made a noteworthy move by appointing a new Chief Marketing Officer, who will be leading GrabAGun’s marketing initiatives.

Regulatory Changes on the Horizon

GrabAGun’s story isn’t just about innovation and growth; it’s also tied to the changing regulatory landscape affecting the firearms industry. A recent federal appeals court ruling that struck down California’s ammunition background check law could have implications affecting the industry. This is one to keep an eye on, as such rulings often impact market strategies.

The Financial Landscape

Financially, GrabAGun has what it takes to make an impact. They raised over $179 million through a merger with a special purpose acquisition company, which has certainly helped fuel their growth ambitions. However, it’s worth noting that their stock has seen a decline of nearly 60% over the past six months. This dual listing could be the spin needed to turn things around!

Welcoming GrabAGun to NYSE Texas

As GrabAGun takes this step, the President of NYSE Texas welcomed the company as a valuable addition to the exchange. With total sales for the year ending September 30 standing at $99.5 million, GrabAGun is clearly carving out its place in the market. This dual listing aligns perfectly with NYSE Texas’s goal to become a significant financial hub right here in Dallas.

Looking Ahead

With all that’s in motion at GrabAGun, one thing is for sure; it’s an exciting time for the company and the Texas business landscape as a whole. As they continue to grow and adapt to changes in the market, everyone will be watching closely to see how they fare in the coming months!

Deeper Dive: News & Info About This Topic

• Business Wire: GrabAGun Dual Listing
• Wikipedia: GrabAGun
• Investing.com: GrabAGun Dual Listing
• Google Search: GrabAGun
• Star Local Media: GrabAGun AI Functionality
• Encyclopedia Britannica: Firearms
• WFAA: GrabAGun Public Listing
• Google News: GrabAGun Stock