According to a registration statement filed with the Securities Exchange Commission (SEC) on Friday, three senior leaders of the Trump Media & Technology Group have formed a new blank check company (SPAC) aimed at acquiring businesses in the cryptocurrency or related industries - at a time when the Trump administration is trying to shape the industry.
Renatus Tactical Acquisition Corp. I, a Cayman Islands-registered special purpose acquisition company (SPAC), plans to raise at least $179 million through an initial public offering (IPO) and private placement, with funds to be used to acquire another business. The company's leadership has close ties to U.S. President Donald Trump's media company: Renatus Tactical CEO Eric Swider sits on the board of Trump Media and led the company that merged with Trump Media; Trump Media CEO, President and Chairperson Devin Nunes also chairs the board of directors of Renatus Tactical; Renatus Tactical chief operating officer Alexander Cano was president and secretary of the company that merged with Trump Media.
According to Renatus Tactical's filing with the Securities Exchange Commission, the company aims to acquire the cryptocurrency and blockchain, data security, and dual-use technology sectors, all of which have significant government involvement as regulators or major clients.
Trump Media & Technology Group Executives Set Up New SPAC Firm and Seek at Least $179 million in Funding to Acquire Crypto-Related Businesses
2025-03-20 00:56:09
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