Renatus Tactical Acquisition I, a blank check company led by the former CEO of Digital World Acquisition targeting tech businesses, raised $210 million by offering 21 million units at $10. The company offered 3.5 million more units than anticipated. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
Renatus Tactical Acquisition is led by CEO and Director Eric Swider, who served as CEO of SPAC Digital World Acquisition Corp (DWAC) from 2022 until 2024, when it merged with Trump Media & Technology Group (Nasdaq: DJT). The SPAC's incoming Chairman is Devin Nunes, the current CEO of Trump Media, and a former US Representative from California. COO Alexander Cano previously was President of DWAC. CFO Ian Rhodes currently serves as Interim CFO of TNF Pharmaceuticals.
The company plans to focus its search on high potential businesses based in the US in the cryptocurrency and blockchain, data security, and dual use technologies markets, with an enterprise value between $500 million and $5 billion.
Renatus Tactical Acquisition I plans to list on the Nasdaq under the symbol RTACU. Clear Street acted as sole bookrunner on the deal.
