Three senior leaders from Trump Media & Technology Group have launched a new blank check company with the aim of acquiring companies in the crypto or related industry. The move comes when the Trump administration appears to be trying to influence the sector, according to a registration statement filed with the SEC on Friday.
Renatus Tactical Acquisition Corp I, a Cayman Islands-based special purpose acquisition company (SPAC), aims to raise at least $179 million through IPOs and privately owned placements. This fund will be used to acquire another business.
Renatus Tactical aims to acquire Crypto, blockchain, data security, and dual-use technology companies. With Trump’s appointees in charge of the SEC, DOJ and FTC, these agencies oversee the merger process.
The company’s leadership has strong connections with Trump Media. CEO Eric Swaider was Trump Media, Devin Nunes, CEO of Trump Media, and chairman of the board of directors of Renatus Tactical, and president and secretary of the company that merged with Trump Media.
Renatus Tactical plans are planning to raise $178.9 million by offering 17.5 million shares for $10 each and 3.94 million shares for $1 in private place. It should be noted that in its SEC filing, Renatus Tactical is taking important steps to integrate digital assets into the national financial strategy.
You can pursue acquisitions across all industries while focusing on crypto, blockchain and data security. However, the company has acknowledged the challenges due to Trump’s relationship, warning that some parties may avoid working with them due to the connection.
