Trump Media & Technology Group (TMTG) is launching a new Special Purpose Acquisition Company (SPAC) called Renatus Tactical Acquisition Corp I. They plan to raise $179 million through an initial public offering (IPO). Importantly, the main purpose of setting up this Cayman island registered blank-check company is to acquire cryptocurrency and blockchain companies.
According to the SEC registration statement Renatus Tactical will be led by Eric Swider as CEO, Devin Nunes as board chairman, and Alexander Cano as COO. All three executives have deep ties to TMTG.
“We are an “emerging growth company” and “smaller reporting company” under applicable federal securities laws and will be subject to reduced public company reporting requirements,” the registration said.
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Targeting High-Potential US-based Businesses In Cryptocurrency
Importantly, Renatus Tactical’s 14 March 2025 SEC filings reveal its intent to target high-potential US-based businesses in cryptocurrency, blockchain, data security, and dual-use technologies.
While the company retains flexibility to pursue acquisitions across various industries globally, its primary focus aligns with President Donald Trump’s administration’s pro-crypto stance.
Trump Media executives are launching a new SPAC to raise $179M for acquiring high-potential U.S.-based businesses in #cryptocurrency, blockchain, data security, and dual-use technologies. pic.twitter.com/PrRxb2NsTf
— Christiaan (@ChristiaanDefi) March 20, 2025
TMTG, known to operate Truth Social Media, will offer 17.5 million public shares. Each will be sold at $10. Similarly, the SPAC will issue approximately 3.95 million warrants through a private placement at $1 each.
For the SPAC, the association with TMTG and US President Donald Trump is expected to attract investors that may want to capitalize of his pro-crypto policies.
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Trump Is About to Greenlight US Crypto Banking
The US President is set to issue an executive order undoing Biden crypto banking limits.
The order is expected to tackle barriers such as “Operation Chokepoint 2.0,” possibly allowing crypto companies to gain Federal Reserve master accounts. This will reshape how retail and institutional money interact with crypto.
The initiative follows Trump’s pledges at a White House Crypto Summit, where he teased a pro-crypto agenda under his administration.
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Key Takeaways
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Trump Media & Technology Group (TMTG) is launching a new blank-check company called Renatus Tactical Acquisition Corp I.
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The SPAC will target US-based businesses in cryptocurrency, blockchain, data security, and dual-use technologies.
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For the SPAC, the association with TMTG and US Presdient Donald Trump is expected to attract investors that may want to capitalize of his pro-crypto policies.
The post Trump Media Executives Launch $179M “Blank-Check” Company For Crypto Acquisitions appeared first on 99Bitcoins.
