Trump Media execs seek $179M via new SPAC to possibly buy crypto firm

Three Trump Media & Technology Group executives are heading up a company that could look to buy a US-based crypto or blockchain firm, citing the Trump administration’s backing of the sector. The trio is targeting a $179 million public and private offering through the Cayman Islands-based special-purpose acquisition company (SPAC), Renatus Tactical Acquisition Corp I, according to a March 14 regulatory filing first reported by Forbes. Renatus Tactical’s CEO, Eric Swider, is a director at Trump Media and was the CEO at Digital World Acquisition Corp., a SPAC that merged with the firm, allowing it to go public source: https://cointelegraph.com/news/trump-media-execs-seek-179-million-spac-possibly-buy-crypto-firm?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound