On March 20, Forbes reported that three executives of Trump Media Technology Group (TMTG) set up a new special purpose acquisition company (SPAC) and planned to raise at least $179 million to acquire companies in cryptocurrency, blockchain or related industries.

The company, called Renatus Tactical Acquisition Corp I, is registered in the Cayman Islands and its leadership is closely related to Trump Media: CEO Eric Swider is a member of the Trump Media board of directors; Chairman Devin Nunes is also the CEO of Trump Media; COO Alexander Cano served as president of the company merged with Trump Media.

According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Renatus Tactical will focus on cryptocurrency and blockchain, data security, and dual-use military and civilian technologies. The company noted in the document: “The current administration has taken unprecedented steps to incorporate digital assets into the national financial strategy.”

More Information available in: https://cooldragon.io/