TechFlow news, March 20 — According to Forbes, three executives from Trump Media & Technology Group (TMTG) have established a new special purpose acquisition company (SPAC) aiming to raise at least $179 million to acquire businesses in the cryptocurrency, blockchain, or related industries.
The company, named Renatus Tactical Acquisition Corp I, is registered in the Cayman Islands and its leadership has close ties to Trump Media: CEO Eric Swider serves on Trump Media's board of directors; Chairman Devin Nunes is also CEO of Trump Media; COO Alexander Cano previously served as president of the company that merged with Trump Media.
As stated in filings submitted to the U.S. Securities and Exchange Commission (SEC), Renatus Tactical will focus on cryptocurrency and blockchain, data security, and dual-use technologies. The filing notes: "The current administration has taken unprecedented steps to integrate digital assets into the nation's financial strategy."
