Trump Media & Technology Group (TMTG) is launching a new Special Purpose Acquisition Company (SPAC) called Renatus Tactical Acquisition Corp I.
The company plans to raise $179 million through an initial public offering (IPO), with the main purpose of acquiring cryptocurrency and blockchain companies.
Renatus Tactical Acquisition Corp I will target high-potential US-based businesses in cryptocurrency, blockchain, data security, and dual-use technologies.
The association with TMTG and former US President Donald Trump is expected to attract investors interested in capitalizing on his pro-crypto policies.