SCHEDULE 13G/A 0001085146-25-001291 0001950677 XXXXXXXX LIVE 2 Class A Ordinary Shares, par value $0.0001 per share 06/30/2025 0001995413 COLOMBIER ACQUISITION CORP. II G2283U100 214 BRAZILIAN AVENUE, SUITE 200-J PALM BEACH FL 33480 Rule 13d-1(b) Decagon Asset Management LLP X0 0.00 0.00 0.00 0.00 0.00 N 0 IA PN Benjamin John Durham X0 0.00 0.00 0.00 0.00 0.00 N 0 HC IN COLOMBIER ACQUISITION CORP. II 214 BRAZILIAN AVENUE, SUITE 200-J, PALM BEACH, FLORIDA 33480 (i) Decagon Asset Management LLP (the "Investment Manager") which serves as the investment manager or sub-adviser, with respect to certain funds and accounts (the "DAM Vehicles"), with respect to the Class A Ordinary Shares held by the DAM Vehicles; and (ii) Benjamin John Durham ("Mr. Durham") who indirectly controls the Investment Manager, with respect to the Class A Ordinary Shares held by the Dam Vehicles. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The address of the business office of each of the Reporting Persons is: c/o Decagon Asset Management LLP 5 Swallow Place London W1B 2AF United Kingdom Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. N IA HC The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. 0 The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Decagon Asset Management LLP Olivia Cooper 07/24/2025 Benjamin John Durham Ben Durham 07/24/2025