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CLBR is like a **Creative Artists Agency (CAA) for private companies**, but instead of finding artists or athletes, it scouts promising private businesses and helps them debut on the public stock market.

Think of CLBR as a **Shopify or Squarespace for companies wanting to go public**, offering a pre-funded, ready-made public company "template" for a private business to quickly list on the stock exchange.

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• Business Combination Facilitation: Colombier Acquisition III's primary function is to identify and complete a merger, acquisition, or similar business combination with one or more operating businesses.

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As a blank check company, also known as a Special Purpose Acquisition Company (SPAC), Colombier Acquisition III (CLBR) does not currently have any major customers. The company was formed to raise capital through an initial public offering with the sole purpose of acquiring or merging with an existing private company.

According to its description, CLBR has not yet selected any specific business combination target, has not generated any operating revenues to date, and does not expect to generate operating revenues until it consummates its initial business combination. Therefore, it does not sell products or services to other companies or individuals at this stage.

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Omeed Malik is the Founder and President of 1789 Capital, a technology-focused investment firm, and the Founder and CEO of Farvahar Partners, a boutique investment bank and broker/dealer. He previously served as an officer and director of Colombier Acquisition Corporation I and II; Colombier I merged with PublicSq. Holdings, Inc. in July 2023. Before founding his own firms, he was a Managing Director and Global Head of the Hedge Fund Advisory Business at Bank of America Merrill Lynch, where he founded and led the Emerging Manager Program. Earlier in his career, he was a Senior Vice President at MF Global and a corporate lawyer at Weil, Gotchal & Manges LLP, working on capital markets, corporate governance, private equity, and bankruptcy matters.

Joe Voboril is a Partner and Head of Research at 1789 Capital and the Co-Founder and Managing Partner of Farvahar Partners. He co-founded Farvahar Partners with Omeed Malik in 2019. He also served as an officer of Colombier Acquisition Corporation I and II. At Bank of America, he co-created the Hedge Fund Advisory group and managed the internal vetting of investment managers for the Emerging Manager Program.

Paul T. Abrahimzadeh is a Partner at 1789 Capital and oversees the investment banking practice at Farvahar Partners, which includes capital markets and M&A advisory assignments. He has a 24-year career in investment banking, having previously served as Co-Head of Equity Capital Markets in North America at Citigroup.

Andrew Nasser is a Partner at 1789 Capital. He is listed as the Chief Investment Officer for Colombier Acquisition III.

Jordan Cohen is a Partner at Farvahar Partners, where he leads the complex capital formation practice, and also serves as the Chief Operating Officer of 1789 Capital. He was a strategic advisor to Colombier Acquisition Corporation I and served as President, Chief Financial Officer, and a Board Member of Ceres Acquisition Corp. Prior to joining Farvahar, he was the Managing Director of Sierra Bonita Holdings, a family office. He also worked as a corporate attorney at Weil, Gotshal & Manges LLP, focusing on M&A, restructuring, and private equity transactions.

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• The primary risk to Colombier Acquisition III is its inability to identify and successfully consummate an initial business combination within the required timeframe. As a blank check company, its sole purpose is to acquire one or more businesses, and failure to do so would likely lead to liquidation, returning a pro rata share of the trust account to public shareholders, which may be less than their initial investment.
• Another significant risk is the intense competition for attractive acquisition targets within the "Entrepreneurship, Innovation & Growth" (EIG) industries or other sectors. This competition could make it difficult to identify a suitable business, drive up acquisition prices, or result in the company acquiring a less desirable target.
• A third key risk involves the potential for significant share dilution and shareholder redemptions. Even if a business combination is identified, existing shareholders might face dilution from the issuance of new shares to the target company's owners, private placement investors, or due to the exercise of warrants. Additionally, a high rate of shareholder redemptions could reduce the capital available for the business combination, making the transaction less appealing or even unfeasible.

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The expected drivers of future revenue growth for Colombier Acquisition III (CLBR) over the next 2-3 years are:

1. Successful Business Combination with a High-Growth EIG Company: As a blank check company, CLBR's primary driver for generating operating revenue will be the successful identification and completion of a merger or acquisition with an operating business. The inherent growth potential and revenue-generating capabilities of the acquired entity, particularly within the Entrepreneurship, Innovation & Growth (EIG) industries as targeted by CLBR, will directly translate to CLBR's future revenue.
2. Expansion of the Acquired Company's Customer Base: Companies operating within the EIG sector typically prioritize aggressive customer or user acquisition strategies. Growth in the number of customers adopting the products or services of the merged entity will be a significant driver of future revenue for CLBR.
3. Development and Launch of New Products or Services by the Acquired Company: Innovation is a hallmark of businesses in the EIG economy. The introduction of new and enhanced products or services by the acquired company will open up new revenue streams and opportunities for market penetration.
4. Market Expansion of the Acquired Company: The future operating company is expected to pursue expansion into new geographic regions or target new market segments. This strategic outreach will broaden the addressable market and contribute to increased sales and revenue.
5. Strategic Partnerships or Acquisitions by the Acquired Company: High-growth companies often leverage strategic alliances, collaborations, or bolt-on acquisitions to accelerate growth, expand their offerings, and enter new distribution channels, thereby boosting future revenue.

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Share Issuance

• Colombier Acquisition III completed its initial public offering (IPO) on February 5, 2026, issuing 29,900,000 units at $10.00 per unit, which generated gross proceeds of $299,000,000.
• The units included 3,900,000 units issued due to the full exercise of the underwriters' over-allotment option.
• Simultaneously with the IPO, the company sold 150,000 private placement units to its sponsor, Colombier Sponsor III LLC, at $10.00 per unit, resulting in additional gross proceeds of $1,500,000.