Trump Media executives set up SPAC company, planning to raise $179 million to acquire encryption and defense-related companies

Odaily News Three senior executives of Trump Media & Technology Group have formed a new SPAC (special purpose acquisition company) Renatus Tactical Acquisition Corp I, planning to raise at least $179 million through an IPO and private placement to acquire companies in the fields of cryptocurrency, blockchain, data security and dual-use technology.
Renatus Tactical said in a filing with the U.S. Securities and Exchange Commission (SEC) that its CEO Eric Swider is now a member of the Trump Media board of directors, Trump Media CEO, president and chairman Devin Nunes serves as chairman of the Renatus Tactical board of directors, and COO Alexander Cano served as president of the company that merged with Trump Media.
It is worth noting that the Trump administration’s appointments to regulatory agencies such as the SEC, the Department of Justice, and the Federal Trade Commission may affect the review of related M&A transactions. (Forbes)