Trump Media Executives Initiate $179M “Blank-Check” Firm for Cryptocurrency Acquisitions

Trump Media & Technology Group (TMTG) is initiating a new Special Purpose Acquisition Company (SPAC) named Renatus Tactical Acquisition Corp I. They intend to raise $179 million via an initial public offering (IPO). Significantly, the primary aim of establishing this blank-check company registered in the Cayman Islands is to acquire businesses in the digital currency and distributed database sectors.

As per the SEC registration statement, Renatus Tactical will be spearheaded by Eric Swider as CEO, Devin Nunes as board chairman, and Alexander Cano as COO. Each of these executives has strong connections to TMTG.

“We qualify as an “emerging growth company” and “smaller reporting company” according to applicable federal securities laws, which means we will operate under less stringent public company reporting obligations,” the registration indicated.

 

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Aiming at High-Value US-based Ventures in Digital currency 

Crucially, Renatus Tactical’s SEC filings dated 14 March 2025 illustrate its goal to pursue high-potential US-based ventures in cryptocurrency, blockchain, data protection, and dual-use technologies.

While the company maintains the capability to explore acquisitions in various global industries, its primary focus resonates with President Donald Trump’s administration’s favorable stance towards crypto.

Trump Media executives are initiating a new SPAC to generate $179M for acquiring promising U.S.-based businesses in #cryptocurrency, blockchain, data security, and dual-use technologies. pic.twitter.com/PrRxb2NsTf

— Christiaan (@ChristiaanDefi) March 20, 2025

TMTG, which operates Truth Social Media, will make available 17.5 million public shares, each priced at $10. Likewise, the SPAC will offer around 3.95 million warrants through a private placement at $1 each.

The link to TMTG and US President Donald Trump is anticipated to draw investors looking to benefit from his pro-crypto policies.

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Trump Set to Approve US Crypto Banking

The US President is poised to announce an executive order that will reverse Biden-era crypto banking restrictions.

This order is likely to address barriers such as “Operation Chokepoint 2.0,” potentially enabling crypto firms to acquire Federal Reserve master accounts. This will transform the interaction between retail and institutional funds with crypto.

This initiative follows Trump’s commitments made at a White House Crypto Summit, where he hinted at a pro-crypto strategy during his administration.

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