A special purpose acquisition company (SPAC) with ties to Global Client Advisory Group (GCAG) has submitted a filing to U.S. regulators for a $175 million initial public offering (IPO). The SPAC, named Renatus Tactical Acquisition Corp I (RTAC-I), intends to focus its investment strategy on emerging technology sectors, specifically those related to cryptocurrency, blockchain, and data security, according to reports.
The IPO filing with the U.S. Securities and Exchange Commission (SEC) outlines plans for the issuance of units. Each unit will combine a Class A ordinary share with a half warrant, giving investors the option to purchase additional shares in the future. RTAC-I’s strategy is to identify and acquire high-growth U.S. companies operating in the digital asset space and businesses developing dual-use technologies.
The company intends to leverage GCAG’s extensive experience across the media, financial services, and technology sectors to identify promising acquisition targets. The SPAC is led by Devin Nunes, who serves as the CEO of Trump Media & Technology Group (TMTG), and Eric Swider, a director at TMTG.
Both Nunes and Swider previously played key roles in the merger between TMTG and Digital World Acquisition Corp, a deal that facilitated TMTG’s listing on the NASDAQ under the ticker symbol DJT. Swider also holds leadership positions at Renatus Advisors and Rubidex, a data security firm. Simultaneously, Nunes oversees platforms within TMTG, including Truth Social, along with its streaming and fintech divisions.
Clear Street LLC will act as the underwriter for the offering. Prospective investors can access the preliminary prospectus through the SEC’s EDGAR system or by contacting Clear Street directly for further details, the filing indicates. GCAG has clarified that the IPO is contingent upon SEC approval and that no further updates will be provided unless deemed necessary.
