New America Acquisition I, a blank check company targeting US tech, healthcare, and logistics, raised $300 million by offering 30 million units at $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
New America Acquisition I is led by CEO and Chairman Kevin McGurn, whose prior roles include serving as VP of Advertising Solutions at T-Mobile and President of global music platform Vevo. The SPAC's advisory board includes Donald Trump Jr. and Eric Trump, as well as Kyle Wool, the President of Dominari Holdings (Nasdaq: DOMH) and CEO of Dominari Securities.
The SPAC plans to target areas where its management's and affiliates' expertise will provide a competitive advantage, including technology, healthcare, and logistics, focusing on businesses with enterprise values of $700 million or more. It states that it will focus on companies headquartered or primarily operating in the US that play a meaningful role in revitalizing domestic manufacturing, expanding innovation ecosystems, and strengthening critical supply chains, through which it aims to generate long-term value while reinforcing America's economic foundation and global competitiveness.
New America Acquisition I plans to list on the NYSE under the symbol NWAXU. Dominari Securities and D. Boral Capital acted as joint bookrunners on the deal.
