Senior executives from Trump Group Media and Technology It collaborated to launch a special purpose acquisition company (SPAC). The company aims to raise approximately $ 179 million to finance its expansion in Blockchain, Crypto and data security. The new company is called the Rentus Tactical Acquisition Corp I (“RTAC-I”) and is registered under the laws of the Caymands Islands.
According to a press statement, S-1 Model It was already submitted to the Securities and Stock Exchange Committee (SEC) in preparation for the initial general offering of the company (IPO).
Each unit in the public subscription consists of one first -class share in addition to half a refundable order to purchase an ordinary category A. A Forbes report It was published on March 20 that the leadership of the new company has links with Trump Media.
The new SPAC aims to finance the new company acquisitions
RTAC-I, New plumber From the Global Client Consulting Group, it aims to obtain, buy, integrate, or even reorganize similar or new business or entities. SPAC plans to use its money to search for US -based companies, and is currently involved in Blockchain, CodedData safety markets.
The new SPAC plans to use GCAG experience and experience in the media, technology and financial services, as well as the background of its leaders and network leadership. Reports indicate that the company targets the great government supervision industries, a factor that can work in its favor, given the link of US President Donald Trump.
Trump’s executive dominates the roles of driving
Eric Swider will be the CEO of RTAC-I, and Devin Nunes will be the Chairman of the Board of Directors. Both men have extensive experience in many industries, including technology and financial services.
Nunes and Swider are associated with the Trump Media & Technology Group (TMTG). Men’s commercial acumen had an effective role in moving in the complexes of planned public subscription, including compliance with regulations.
RTAC-I sees digital assets as the following boundaries in the national financial strategy
In the company’s S-1 file, its management team highlighted the increasing importance of digital assets. He added that digital assets can become an integral part of a financial strategy, so it is important to invest in it. However, the company immediately recognized the potential difficulties it will face, knowing that it has links with President Trump.
Now the S-1 has been presented, SPAC has a challenge to persuade investors that he is ready to manage organizational and political concerns. The company’s launch coincided with Trump’s increasing involvement with Crypto and Bitcoin.
Distinctive image from Getty Images, the tradingvief chart
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