PiCK

Trump Media Executives Launch $179 Million SPAC, Plan to Acquire Digital Asset Business

Suehyeon Lee

Summary

Senior executives of Trump Media & Technology Group have established a SPAC to acquire digital asset related businesses.
They announced plans to raise $179 million through 'Renatus Tactical'.
The funds will be used to acquire companies related to blockchain and technology.

Senior executives of Trump Media & Technology Group have established a new Special Purpose Acquisition Company (SPAC) to acquire digital asset (cryptocurrency) related businesses.

According to Forbes on the 19th (local time), three executives from Trump Media & Technology Group launched a SPAC called 'Renatus Tactical.' Renatus Tactical was established in the Cayman Islands and has submitted relevant documents to the U.S. Securities and Exchange Commission (SEC).

Through this, they plan to raise $179 million to acquire companies related to digital assets, blockchain, and dual-use technologies.