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Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
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Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Aug 4, 2025 8:37 AM

Aug 4 (Reuters) - New America Acquisition I Corp, a

blank-check firm backed by Eric Trump and Donald Trump Jr., on

Monday filed 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.

The Trump brothers have also expanded their holdings across

golf courses, hotels, telecom and crypto miners, ventures which

they say echo president's policies and agendas.

The special purpose acquisition company, a vehicle

previously used by the family to launch firearms retailers and

media firms, aims to merge with businesses headquartered or

primarily operating in the U.S., it said in a filing.

The SPAC will "play a meaningful role in revitalizing

domestic manufacturing, expanding innovation ecosystems, and

strengthening critical supply chains", the filing added.

Since taking office, Trump has unraveled decades of trade

relationships in pursuit of protectionist trade measures that he

believes are necessary for national security.

Eric and Trump Jr. will both serve on the advisory board for

New America, receiving a combined five million shares in the

company.

Media veteran Kevin McGurn will lead the company. He

declined a Reuters request for comment.

Dominari Securities President Kyle Wool, whose firm is an

underwriter for this offering, is also on the board.

SPACs are shell companies that use their IPO proceeds to

merge with a private company, thereby taking it public while

avoiding the regulatory scrutiny of a traditional listing.

New America said it would offer 30 million units in its IPO

priced at $10 each, aiming to list on the New York Stock

Exchange.

D. Boral Capital is the other underwriter for the offering.

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