Global Client Advisory Group (GCAG) announced that its affiliate, Renatus Tactical Acquisition Corp I (RTAC-I), has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), seeking to raise $175 million.
RTAC-I, a newly formed special purpose acquisition company (SPAC), plans to sell units comprising one Class A ordinary share and one-half of a redeemable warrant to purchase additional shares.
The company intends to target high-potential U.S.-based businesses in cryptocurrency and blockchain, data security, and dual-use technologies, reflecting growing investor interest in emerging digital assets and security solutions.
RTAC-I aims to leverage GCAG’s expertise in media, financial services, and technology, as well as the industry experience of its leadership team, to identify and execute investment opportunities.
The SPAC will be led by Chief Executive Officer Eric Swider and Chairman Devin Nunes, both of whom played significant roles in the business combination between Trump Media & Technology Group (TMTG) and Digital World Acquisition Corp (DWAC), which resulted in TMTG becoming publicly traded.
Swider, a director at TMTG, is the founder of Renatus Advisors and has led Renatus LLC since 2016, overseeing operations in legal, strategic, and economic recovery consulting.
He also manages Rubidex, a data security firm. Nunes, currently the CEO and chairman of TMTG, leads Truth Social, the streaming platform Truth+, and the financial technology brand Truth.F, further demonstrating RTAC-I’s strategic focus on technology and digital innovation.
The IPO will be underwritten by Clear Street LLC. The preliminary prospectus, when available, can be accessed through the SEC’s EDGAR system or from Clear Street.
GCAG cautioned that filing the registration statement does not guarantee any transaction will occur. The company does not intend to provide further updates unless deemed necessary.
A registration statement has been filed but is not yet effective, and no securities may be sold until the SEC approves the offering.
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