The post Trump Media & Tech Group Execs Establish New Company, SPAC appeared on BitcoinEthereumNews.com.

In a strategic move poised to reshape the portfolios of existing crypto companies in the United States, three executives from Trump Media & Technology Group (TMTG) have established a new special purpose acquisition company (SPAC) named Renatus Tactical Acquisition Corp I. The new company aims to raise approximately $179 million to acquire businesses in the cryptocurrency, blockchain, data security, and defense technology sectors. Notably, it is a blank check company incorporated provided exemption status in Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization of businesses. Leadership and Objectives of Trump Media’s New Company Renatus Tactical is spearheaded by individuals with deep ties to TMTG which includes: Eric Swider, Chief Executive Officer: A current board member of TMTG, Swider plays a pivotal role in the merger that brought TMTG public. Devin Nunes, Chairman: Serving as the CEO of TMTG since January 2022, Nunes previously represented California’s 22nd congressional district in the U.S. House of Representatives. Alexander Cano, Chief Operating Officer: Formerly the president and secretary of the firm that merged with TMTG, Cano brings extensive experience in corporate operations. Notably, all these three executives were deeply involved in the drama-filled merger – the 29-months high voltage drama from October 2021 to merger’s final approval in March 2024 – between Trump Media and Digital World that made Trump’s media company and Truth Social platform public. And now this newly formed SPAC’s primary objective is to identify and merge with companies operating in sectors that are both technologically innovative and integral to national interests. According to the registration statement filed with the Securities and Exchange Commission (SEC), Renatus Tactical is particularly interested in industries where government involvement is significant, either as a regulator or a major client. Business Purpose as stated to SEC. Strategic Timing…

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Filed under: News - @ March 20, 2025 4:29 pm