#SECCryptoRoundtable Trump-Linked SPAC Targets $179M in Crypto, Blockchain, and Security

Trump-Linked SPAC Targets $179M in Crypto, Blockchain, and Security

Story Highlights

Trump Media executives have launched a new SPAC, Renatus Tactical.

The company plans to raise $179 million through an IPO and private placement, with strong ties to Trump’s business network.

While the SPAC sees opportunities in the growing crypto sector, its Trump connections could be both an advantage and a challenge.

A new blank-check company formed by top executives from Trump Media & Technology Group (TMTG) is setting its sights on the crypto sector. According to a report from Forbes, three senior leaders at TMTG have launched a special purpose acquisition company (SPAC) to acquire firms in cryptocurrency, blockchain, and related industries.