Want to invest in the right-wing blowback to corporate diversity, equity and inclusion efforts? There’s a SPAC for that.
Driving the news: It’s called Colombier Acquisition Corp., and earlier this year agreed to merge with PublicSq, an online marketplace for companies in what it calls “the patriot economy.”
If the deal closes, the combined company’s board will include failed U.S. Senate candidate Blake Masters and former Mike Pence strategist Nick Ayers.
Why it matters: This comes at a moment when anti-LGBTQ activists have helped tank stock prices for companies like Anheuser-Busch InBev and Target.