Trump Media execs seek $179M via new SPAC to possibly buy crypto firm 💰
Trump Media & Technology Group executives are planning to raise $179 million through a SPAC named Renatus Tactical Acquisition Corp I, aimed at acquiring a US-based crypto or blockchain firm. This initiative leverages the Trump administration's support for digital assets.
Renatus Tactical's leadership includes Eric Swider, formerly CEO of Digital World Acquisition Corp, and Devin Nunes, Trump's CEO and chair. The SPAC's focus remains unspecified but involves potential investments in data security for military applications.
The venture acknowledges potential issues due to its Trump affiliations, a concern shared by companies like Tesla, reflecting broader industry skepticism.
With Trump's significant stake in Trump Media, financial disclosures reveal the intertwined nature of his political and business interests.
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