Trump Media Execs Launch $179M SPAC Focused on Crypto, Defense

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Three senior leaders at Trump Media & Technology Group have launched a new blank-check company aiming to acquire a firm in crypto or related industries—as the Trump administration seeks to shape the sector—according to a registration statement filed Friday with the Securities and Exchange Commission.  Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2025/03/19/trump-media-spac-renatus-tactical-nunes-swider-ipo/  Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript  Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com  Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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00:00Three senior leaders at Trump Media and Technology Group have launched a new blank check company

00:05aiming to acquire a firm in crypto or related industries, according to a registration statement

00:10filed Friday with the Securities and Exchange Commission.

00:13Renata's Tactical Acquisition Corp. 1, a special-purpose acquisition company incorporated

00:18in the Cayman Islands, is looking to raise at least $179 million through both an initial

00:24public offering and private placement funds it plans to use to acquire other businesses.

00:30Renata's Tactical is targeting acquisitions in the cryptocurrency and blockchain, data

00:34security and dual-use technology sectors, industries with heavy government involvement

00:39as regulators or major clients, according to its SEC filing.

00:43The firm's leadership has deep ties to President Donald Trump's media company.

00:47Renata's Tactical CEO Eric Swider is a Trump Media board member and led the company that

00:52merged with it.

00:53Devin Nunes, CEO, President and Chair of Trump Media, also chairs Renata's Tactical's

00:58board.

00:59And Alexander Cano, Renata's Tactical's COO, was president and security of the firm

01:04that merged with Trump Media.

01:06Trump's connection to the founders of Renata's Tactical may not be entirely beneficial for

01:10the company.

01:11In its risk disclosure, the company warns that, quote, third parties may not want to

01:16engage with us to provide services due to the affiliation of our management team and

01:21our board of directors with TMTG and President Donald J. Trump.

01:26Trump appointees lead the SEC, Department of Justice, and Federal Trade Commission,

01:30agencies that oversee regulatory and legal reviews of mergers.

01:34Swider, Nunes, and spokespeople for Trump Media did not immediately respond to requests

01:39for comment.

01:40For more on this story, read Zach Everson's article linked in the description.

01:52For more information, visit www.fema.gov.

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