Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Source: Reuters
Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Ateev Bhandari and Koh Gui Qing
Mon, August 4, 2025 at 11:28 AM EDT 2 min read
(Reuters) -New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., filed on Monday for an initial public offering of up to $300 million in the United States.
The move is the latest in a series of ventures by U.S. President Donald Trump's family, including a meme coin launched in January and World Liberty Financial, a crypto company partly owned by the president.
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New America said in the filing that it aims to buy businesses with a combined enterprise value of $700 million or more, and will target companies that "play a meaningful role in revitalizing domestic manufacturing, expanding innovation ecosystems, and strengthening critical supply chains."
These businesses will be headquartered or primarily operating in the United States and might be engaged in industries such as aerospace and critical minerals, New America said.
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Read more: https://finance.yahoo.com/news/eric-trump-jr-backed-manufacturing-152853827.html
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The most charitable read of this is that tRump is seeking to cash in on tRump protectionist policies.
= new reply since forum marked as read
Go bust 
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