Three executives from Trump Media & Technology Group may acquire a crypto or blockchain firm, citing the Trump administration’s backing of the sector.
Deal Structure
Renatus Tactical Acquisition Corp I, based in the Cayman Islands, plans to raise $179 million via public and private offerings. Renatus Tactical's CEO, Eric Swider, is also a director at Trump Media and was the former CEO at Digital World Acquisition Corp.
Administrative Support
Renatus Tactical cites measures from Donald Trump's administration that include integrating digital assets into the national financial strategy.
Potential Risks
The association with Trump could be both an advantage and a hindrance for the company. Some potential partners may avoid collaboration due to the affiliation with Trump. A similar situation has affected Tesla, whose stock suffered due to Elon Musk's government role.
Renatus Tactical aims to acquire a crypto firm, leveraging Donald Trump’s policy support, but acknowledges potential issues due to his association.
