PANews reported on March 20 that according to Forbes, according to a registration statement submitted to the U.S. Securities and Exchange Commission (SEC) on Friday, three senior leaders of Trump Media & Technology Group have established a new blank check company (SPAC) aimed at acquiring companies in cryptocurrency or related industries-at the same time, the Trump administration is trying to shape the landscape of this industry.

Renatus Tactical Acquisition Corp I, a special purpose acquisition company (SPAC) registered in the Cayman Islands, plans to raise at least $179 million through an initial public offering (IPO) and private placement, and the funds will be used to acquire another business. The company's leadership has close ties with US President Trump's media company: Renatus Tactical CEO Eric Swider is a member of the board of directors of Trump Media and led the company that merged with Trump Media; Trump Media CEO, President and Chairman Devin Nunes also serves as Chairman of the Board of Renatus Tactical; Renatus Tactical COO Alexander Cano was the president and secretary of the company that merged with Trump Media.

According to Renatus Tactical’s filing with the U.S. Securities and Exchange Commission, the firm is targeting acquisitions in the cryptocurrency and blockchain, data security and dual-use technology sectors, all of which have significant government involvement as regulators or major customers.