Donald Trump Jr.-backed GrabAGun's shares slipped 22% on Thursday, deepening their post-debut slide and highlighting the degree of investor scrutiny even newly listed companies with high-profile backers are being subjected to.

The business is the latest example of President Donald Trump's family and allies backing companies related to conservative political causes.

GrabAGun (PEW) went live on the New York Stock Exchange after completing its SPAC merger with Colombier Acquisition Corp. II that raised $179 million. Donald Trump Jr., who joined the board and owns a 1% stake in the online firearms retailer,