Trump Media and Technology Group (TMTG) has created a new company in the Cayman Islands to acquire a firm in the cryptocurrency and blockchain fields. The newly formed entity, Renatus Tactical Acquisition Corp I, aims to raise $1.79 billion.
Leadership Team of Renatus Tactical
Renatus Tactical plans to focus on cryptocurrency, blockchain, data security, and dual-use technologies. The executive team is known for its ties to Trump Media and Technology Group. CEO Eric Swider serves on the board of Trump Media, while board chairman Devin Nunes is the CEO of Trump Media.
SEC Issues for Renatus Tactical
The founding team of Renatus Tactical has previously faced legal issues related to corporate dealings between Trump Media and Digital World. The SEC charged a board member of Digital World along with two other individuals for insider trading.
Previous Legal Challenges
Digital World encountered several challenges from the SEC during its merger process with Trump Media. After the merger was completed in March 2024, the company faced the threat of delisting from Nasdaq and settled an $18 million fraud lawsuit.
Renatus Tactical Acquisition Corp I aims to capture a niche in the growing cryptocurrency and blockchain market despite past legal troubles.
