<SEC-DOCUMENT>0001213900-23-044026.txt : 20230530
<SEC-HEADER>0001213900-23-044026.hdr.sgml : 20230530
<ACCEPTANCE-DATETIME>20230530162958
ACCESSION NUMBER:		0001213900-23-044026
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230530
DATE AS OF CHANGE:		20230530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Colombier Acquisition Corp.
		CENTRAL INDEX KEY:			0001847064
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				862062844
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40457
		FILM NUMBER:		23976892

	BUSINESS ADDRESS:	
		STREET 1:		214 BRAZILIAN AVENUE
		STREET 2:		SUITE 200-A
		CITY:			PALM BEACH
		STATE:			FL
		ZIP:			33480
		BUSINESS PHONE:		917-359-9224

	MAIL ADDRESS:	
		STREET 1:		214 BRAZILIAN AVENUE
		STREET 2:		SUITE 200-A
		CITY:			PALM BEACH
		STATE:			FL
		ZIP:			33480
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ea179504-defa14a_colombier.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL MATERIALS
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a) of
the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by the Registrant &#9746;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by a Party other than the Registrant &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary
Proxy Statement</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Confidential,
for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive
Proxy Statement</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive
Additional Materials</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
Material under &sect; 240.14a-12</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Colombier Acquisition Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Registrant as Specified In Its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOT APPLICABLE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment of Filing Fee (Check all boxes that apply):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
fee required</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee
paid previously with preliminary materials</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee
computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Ingraham Angle &ndash; Interview with Laura
Ingraham and Omeed Malik</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Ingraham Angle/FOX News</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">May 26, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Laura Ingraham: </B>Joining me now is Omeed Malik,
who is the founder and CEO at Farvahar Partners. Omeed, great to see you tonight. Now on the Angle, I mentioned how we&rsquo;re starting
to win this fight against the big corporations that have decided to fully embrace left-wing gender and race ideology and DEI, all that
nonsense. And you are at the forefront of demonstrating how much consumer power most of America has against these trends that are just
wildly unpopular, especially with parents. What do we need to know tonight about where we stand on this?&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Omeed Malik: </B>It&rsquo;s exactly what you said,
let&rsquo;s put a finer point on it, some numbers. Red America represents the third largest economy in the world by GDP. And it&rsquo;s
been ignored and alienated for over 15 years. So, the first step is to recognize that spending power you&rsquo;re pointing out. And the
second step, which we haven&rsquo;t done until very recently, is do something about it. So yes, so as you know, this has become my life&rsquo;s
work to try to work on alternatives in the private sector for Americans that feel disenfranchised, and providing them solutions. Well,
all we&rsquo;ve had until now are people whining and boycotting, but ultimately, the money ends up flowing back. This has been a reckoning
over the past few weeks, you had $20 billion wiped off Bud Light&rsquo;s market cap, $8 billion off Target over just the last week. But
now there&rsquo;s a beneficiary in particular, one of the things I&rsquo;m working on is taking a company called PublicSq. public, which
is a patriotic digital marketplace that combines the buyers and sellers that want America to be the way that it always has been. And basically
what&rsquo;s happened right now in less than a year since it&rsquo;s been national, I think I told you this earlier, it&rsquo;s the number
two most downloaded shopping app.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Laura Ingraham:</B> I saw that.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Omeed Malik:</B> On the App Store. It&rsquo;s just
phenomenal, extraordinary, Laura, extraordinary.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Laura Ingraham:</B> What&rsquo;s wild is that my
kids, I don&rsquo;t know what the heck they&rsquo;re buying, they&rsquo;re going on Amazon. Like I don&rsquo;t even know if I have the
app on one of my devices we&rsquo;re looking at. And then I saw PublicSq., I saw your app. And I said, how was this like &ndash; it came
up, I think it came up before Amazon. Maria will tell me, she&rsquo;s not here right now.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Omeed Malik:</B> It&rsquo;s ahead &ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Laura Ingraham: </B>Yes, it&rsquo;s wild. So, people
are desperate to kind of stick a finger in the eye of those who insult them every day and say, you know, let&rsquo;s support people that actually
share at least a modicum of our values. Is that what&rsquo;s happening?&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Omeed Malik:</B> That&rsquo;s exactly what&rsquo;s happening.
Because before what would happen is, you would maybe have a boycott briefly, but there were no private solutions to it. And so the elegance
of PublicSq., as kind of this foundation for this parallel patriotic economy, is that we&rsquo;re letting people find each other, which
is why an exchange is like the most elegant first product to start with. And that&rsquo;s exactly what&rsquo;s happening. You and I have talked a
lot about economic prosperity and some of the philosophies that are put forth by the politicians. But before you get there, you have to
have economic liberty, which is what I&rsquo;m most interested in. And I think that that&rsquo;s what I&rsquo;m focused on is ensuring economic liberty
and freedom because they not only have co-opted institutions, but they&rsquo;re using the private sector against us. And so funding companies
like PublicSq., and generally, I think, three buckets of this economy where we&rsquo;re going to be able to win is one, bucket one is this replication
economy where you&rsquo;re going to have products for the other half of America, the 100 million Americans that don&rsquo;t have any. Public Square
is the tip of the spear there. Number two is, as you pointed out, in your monologue, this theme of deglobalization, right? It&rsquo;s only gone
one way for 20 years. Now, after COVID, we&rsquo;re recognizing that our &ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Laura Ingraham: </B>Bring it home.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Omeed Malik:</B> Biggest geopolitical foe &ndash; probably shouldn&rsquo;t
make everything for us, I don&rsquo;t know, it seems like a novel idea. So, we need to bring manufacturing home, we need to start mining our
own rare earth minerals here, not have the lithium market cornered by China or &ndash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Laura Ingraham:</B> Are you surprised, Omeed. Omeed, sorry to interrupt,
but we&rsquo;re almost out of time. But are you surprised that at the event with DeSantis, so little time, almost no time devoted to the economy,
which is the number one issue for Americans across every political persuasion and ethnicity?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Omeed Malik: </B>Yes, I agree, it is. And it&rsquo;s on these topics that
you&rsquo;ll probably get in with Robert Kennedy Jr. too, who we both know is also really into this. The Bill of Rights is now something we
have to worry about in the private sector. I think the economy is huge. I will say free speech, that&rsquo;s the hallmark of the DeSantis campaign.
So, I understand why they wanted to focus on some of those issues. But in order to win, as you pointed out, you really need to bring it
back here. And again, the third bucket I&rsquo;ll close with for you, Laura, is products that are still great businesses, but have been disenfranchised
by this ESG cult, that&rsquo;s effectively anti-American. So, think of fossil fuels and other productive businesses that cannot even get financing.
So, it&rsquo;s actually harming our national security. We need to finance those as well. So again, I&rsquo;m going to remind your viewers, it&rsquo;s about
economic liberty. It&rsquo;s only with economic liberty that we can have prosperity.&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"><B>Laura Ingraham:</B> Yes, otherwise the banks will shut you down, the credit card companies and all the rest and that cannot be allowed
to happen. Omeed, solutions oriented. Great to see you tonight.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">* * * * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Additional Information and Where to Find It</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the proposed transaction (the
&ldquo;Proposed Transaction&rdquo;), Colombier Acquisition Corp. (&ldquo;Colombier&rdquo;) has filed a registration statement on Form
S-4 (as may be amended or supplemented from time to time, the &ldquo;Form S-4&rdquo; or the &ldquo;Registration Statement&rdquo;) with
the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), which includes a preliminary proxy statement and a prospectus in
connection with the Proposed Transaction. STOCKHOLDERS OF COLOMBIER ARE ADVISED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT,
ANY AMENDMENTS THERETO, THE DEFINITIVE PROXY STATEMENT, THE PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH
THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. HOWEVER,
THIS DOCUMENT WILL NOT CONTAIN ALL THE INFORMATION THAT SHOULD BE CONSIDERED CONCERNING THE PROPOSED TRANSACTION. IT IS ALSO NOT INTENDED
TO FORM THE BASIS OF ANY INVESTMENT DECISION OR ANY OTHER DECISION IN RESPECT OF THE PROPOSED TRANSACTION. When available, the definitive
proxy statement and other relevant documents will be mailed to the stockholders of Colombier as of a record date to be established for
voting on the Proposed Transaction. Stockholders and other interested persons will also be able to obtain copies of the preliminary proxy
statement, the definitive proxy statement, the Registration Statement and other documents filed by Colombier with the SEC that will be
incorporated by reference therein, without charge, once available, at the SEC&rsquo;s website at www.sec.gov.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Colombier&rsquo;s stockholders will also be able
to obtain a copy of such documents, without charge, by directing a request to: Colombier Acquisition Corp., 214 Brazilian Avenue, Suite
200-J, Palm Beach, FL 33480; e-mail: IRCLBR@longacresquare.com. These documents, once available, can also be obtained, without charge,
at the SEC&rsquo;s website at www.sec.gov.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Participants in the Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Colombier, PSQ Holdings, Inc. (&ldquo;PublicSq.&rdquo;)
and their respective directors and executive officers may be deemed participants in the solicitation of proxies of Colombier&rsquo;s stockholders
in connection with the Proposed Transaction. Colombier&rsquo;s stockholders and other interested persons may obtain more detailed information
regarding the names, affiliations, and interests of certain of Colombier executive officers and directors in the solicitation by reading
Colombier&rsquo;s final prospectus filed with the SEC on June 9, 2021 in connection with Colombier&rsquo;s initial public offering (&ldquo;IPO&rdquo;),
Colombier&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on March 24, 2023 and Colombier&rsquo;s
other filings with the SEC. A list of the names of such directors and executive officers and information regarding their interests in
the Proposed Transaction, which may, in some cases, be different from those of stockholders generally, will be set forth in the Registration
Statement relating to the Proposed Transaction when it becomes available. These documents can be obtained free of charge from the source
indicated above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>No Offer or Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication shall not constitute a solicitation
of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transaction. This communication shall
not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any
states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended or an exemption therefrom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication may contain forward-looking
statements for purposes of the &ldquo;safe harbor&rdquo; provisions under the United States Private Securities Litigation Reform Act of
1995. Any statements other than statements of historical fact contained herein are forward-looking statements. Such forward-looking statements
include, but are not limited to, expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding
PublicSq. and the Proposed Transaction and the future held by the respective management teams of Colombier or PublicSq., the anticipated
benefits and the anticipated timing of the Proposed Transaction, future financial condition and performance of PublicSq. and expected
financial impacts of the Proposed Transaction (including future revenue, pro forma enterprise value and cash balance), the satisfaction
of closing conditions to the Proposed Transaction, financing transactions, if any, related to the Proposed Transaction, the level of redemptions
of Colombier&rsquo;s public stockholders and the products and markets and expected future performance and market opportunities of PublicSq.
These forward-looking statements generally are identified by the words &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;could,&rdquo;
&ldquo;expect,&rdquo; &ldquo;estimate,&rdquo; &ldquo;future,&rdquo; &ldquo;intend,&rdquo; &ldquo;may,&rdquo; &ldquo;might,&rdquo; &ldquo;strategy,&rdquo;
&ldquo;opportunity,&rdquo; &ldquo;plan,&rdquo; &ldquo;project,&rdquo; &ldquo;possible,&rdquo; &ldquo;potential,&rdquo; &ldquo;project,&rdquo;
&ldquo;predict,&rdquo; &ldquo;scales,&rdquo; &ldquo;representative of,&rdquo; &ldquo;valuation,&rdquo; &ldquo;should,&rdquo; &ldquo;will,&rdquo;
&ldquo;would,&rdquo; &ldquo;will be,&rdquo; &ldquo;will continue,&rdquo; &ldquo;will likely result,&rdquo; and similar expressions, but
the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections
and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication,
including, without limitation: (i) the risk that the Proposed Transaction may not be completed in a timely manner or at all, which may
adversely affect the price of Colombier&rsquo;s securities, (ii) the risk that the Proposed Transaction may not be completed by Colombier&rsquo;s
business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Colombier,
(iii) the failure to satisfy the conditions to the consummation of the Proposed Transaction, including, among others, the condition that
Colombier has cash or cash equivalents of at least $33 million (subject to reduction for (x) transaction expenses of Colombier and PublicSq.,
up to an aggregate of $15 million, and (y) the aggregate amount of any additional private financing transactions by PublicSq. consummated
prior to closing in accordance with the terms of the Merger Agreement (as defined below)), and the requirement that the definitive agreement
related to the business combination between Colombier and PublicSq. (the &ldquo;Merger Agreement&rdquo;) and the transactions contemplated
thereby be approved by the stockholders of Colombier and by the stockholders of PublicSq., respectively, (iv) the failure to obtain regulatory
approvals, as applicable, required to consummate the Proposed Transaction, (v) the occurrence of any event, change or other circumstance
that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the Proposed Transaction
on PublicSq.&rsquo;s business relationships, operating results, and business generally, (vii) risks that the Proposed Transaction disrupts current
plans and operations of PublicSq., (viii) the outcome of any legal proceedings that may be instituted against PublicSq. or against Colombier
related to the Merger Agreement or the Proposed Transaction, (ix) the ability to maintain the listing of Colombier&rsquo;s securities
on a national securities exchange, (x) changes in the competitive market in which PublicSq. operates, variations in performance across
competitors, changes in laws and regulations affecting PublicSq.&rsquo;s business and changes in the combined capital structure, (xi) the ability
to implement business plans, growth, marketplace and other expectations after the completion of the Proposed Transaction, and identify
and realize additional opportunities, (xiii) the potential inability of PublicSq. to achieve its business and customer growth and technical
development plans, (xiv) the ability of PublicSq. to enforce its current or future intellectual property, including patents and trademarks,
along with potential claims of infringement by PublicSq. of the intellectual property rights of others, (xv) risk of loss of key influencers,
media outlets and promoters of PublicSq.&rsquo;s business or a loss of reputation of PublicSq. or reduced interest in the mission and
values of PublicSq. and the segment of the consumer marketplace it intends to serve and (xvi) the risk of economic downturn, increased
competition, a changing regulatory landscape and related impacts that could occur in the highly competitive consumer marketplace, both
online and through &ldquo;bricks and mortar&rdquo; operations. The foregoing list of factors is not exhaustive. Recipients should carefully
consider such factors and the other risks and uncertainties described and to be described in the &ldquo;Risk Factors&rdquo; section of
Colombier&rsquo;s IPO Prospectus, Colombier&rsquo;s Annual Report on Form 10-K filed for the year ended December 31, 2022, as filed with
the SEC on March 24, 2023 and subsequent periodic reports filed by Colombier with the SEC, the Registration Statement and other documents
filed or to be filed by Colombier from time to time with the SEC. These filings identify and address other important risks and uncertainties
that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Recipients are cautioned not to put undue reliance on forward-looking statements,
and neither PublicSq. nor Colombier assume any obligation to, nor intend to, update or revise these forward-looking statements, whether
as a result of new information, future events, or otherwise, except as required by law. Neither PublicSq. nor Colombier gives any assurance
that either PublicSq. or Colombier, or the combined company, will achieve its expectations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Information Sources; No Representations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The communication furnished herewith has been
prepared for use by Colombier and PublicSq. in connection with the Proposed Transaction. The information therein does not purport to be
all-inclusive. The information therein is derived from various internal and external sources, with all information relating to the business,
past performance, results of operations and financial condition of Colombier derived entirely from Colombier and all information relating
to the business, past performance, results of operations and financial condition of PublicSq. derived entirely from PublicSq. No representation
is made as to the reasonableness of the assumptions made with respect to the information therein, or to the accuracy or completeness of
any projections or modeling or any other information contained therein. Any data on past performance or modeling contained therein is
not an indication as to future performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No representations or warranties, express or implied,
are given in respect of the communication. To the fullest extent permitted by law in no circumstances will Colombier or PublicSq., or
any of their respective subsidiaries, affiliates, shareholders, representatives, partners, directors, officers, employees, advisors or
agents, be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of the this communication
(including without limitation any projections or models), any omissions, reliance on information contained within it, or on opinions communicated
in relation thereto or otherwise arising in connection therewith, which information relating in any way to the operations of PublicSq.
has been derived, directly or indirectly, exclusively from PublicSq. and has not been independently verified by Colombier. Neither the
independent auditors of Colombier nor the independent auditors of or PublicSq. audited, reviewed, compiled or performed any procedures
with respect to any projections or models for the purpose of their inclusion in the communication and, accordingly, neither of them expressed
any opinion or provided any other form of assurances with respect thereto for the purposes of the communication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white">###</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
