Eric Trump and Donald Trump Jr are backing a new blank cheque investment vehicle potentially positioned to capitalise on US policy, marking the latest push into public markets by the president’s family.
New America Acquisition I Corp will target a company in the US that plays “a meaningful role in revitalising domestic manufacturing, expanding innovation ecosystems, and strengthening critical supply chains”. the group said in filings with the Securities and Exchange Commission on Monday.
The filing said it would seek out a company that is “well-positioned to benefit from federal or state-level incentives, such as grants, tax credits, government contracts or preferential procurement programs,” and where “the US government has an identifiable economic or security interest”.