Catenaa, Thursday, March 20, 2025-Three executives linked to Trump Media & Technology Group have launched a special purpose acquisition company aiming to raise $179 million to acquire a U.S.-based firm in the cryptocurrency, blockchain, or data security sectors.
Renatus Tactical Acquisition Corp I, incorporated in the Cayman Islands, disclosed its plans in a filing with the Securities and Exchange Commission. The SPAC intends to target high-growth businesses in digital assets, data security, and dual-use technologies.
“The current administration has taken unprecedented steps to integrate digital assets into the national financial strategy,” Renatus stated, referencing President Donald Trump’s March executive order establishing a strategic Bitcoin reserve. The order directs federal agencies to retain and expand Bitcoin holdings without taxpayer cost.
The management team includes Eric Swider, a Trump Media board member, as CEO; Devin Nunes, chair of both Trump Media and Renatus; and Alexander Cano, former president of the firm that merged with Trump Media, as COO.
Renatus plans to raise funds through an initial public offering and private placement, selling 17.5 million shares. The move aligns with shifting U.S. regulatory policies under Trump’s leadership, which have embraced digital assets as part of national financial strategy.
The company’s announcement follows a broader push by Trump-affiliated firms into emerging tech sectors, amid growing interest in blockchain, cybersecurity, and government-backed digital asset initiatives.
