An organization led by President Donald Trump’s sons, Eric and Donald Trump Jr., filed a doc stating its intention to profit from federal authorities grants and incentives. Nevertheless, after the AP requested concerning the battle of curiosity, the doc was revised, and the road was eliminated. The corporate, New America Acquisition 1 Corp., is a particular function acquisition firm that goals to buy an American producer to increase home manufacturing. The Trump Group didn’t touch upon the change, and an outdoor legislation agency attributed it to a “mistake.”
A brand new particular function acquisition firm (SPAC), New America Acquisition I Corp., led by Eric Trump and Donald Trump Jr., has filed a doc with the Securities and Trade Fee (SEC) indicating its intention to profit from federal authorities grants and incentives. The corporate goals to merge with an American producer to increase home manufacturing. Nevertheless, after the Related Press (AP) questioned the potential battle of curiosity, the doc was revised to take away the road [3].
The SPAC, based mostly in Florida, plans to increase $300 million by means of an preliminary public providing (IPO) on the New York Inventory Trade. The corporate will goal companies that play a significant position in revitalizing home manufacturing, increasing innovation ecosystems, and strengthening crucial provide chains. The SPAC additionally seeks firms well-positioned to profit from federal or state-level incentives comparable to grants, tax credit, authorities contracts, or preferential procurement applications [3].
Eric Trump and Donald Trump Jr. acquired 2 million and three million founder shares respectively and can serve on the advisory board. The SPAC is underwritten by Dominari Securities and D Boral Capital [3].
The Trump Group has not commented on the change, and an outdoor legislation agency attributed the revision to a “mistake.” The corporate’s earlier involvement with SPACs consists of backing firearms retailer GrabAGun and crypto firm World Liberty Monetary [1].
References:
[1] https://www.forbes.com/websites/zacharyfolk/2025/08/04/don-jr-and-eric-trump-back-new-spac-targeting-american-manufacturing-heres-how-these-deals-have-worked-in-the-past/
[2] https://www.gurufocus.com/information/3032398/sba-communications-sbac-surpasses-q2-revenue-expectations-and-updates-full-year-outlook
[3] https://www.capitalbrief.com/briefing/trump-sons-take-advisory-roles-in-us-blank-cheque-spac-tied-to-federal-incentives-6b65035f-7ae7-4ede-b0d7-ba20ea514ccb/
