Renatus Tactical Acquisition I, a blank check company led by the former CEO of Digital World Acquisition targeting tech businesses, filed on Friday with the SEC to raise up to $175 million in an initial public offering.
The company plans to sell 17.5 million units at a price of $10 per unit. 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 United States in the cryptocurrency and blockchain, data security, and dual use technologies markets, with an enterprise value between $500 million and $5 billion.
The Coral Gables, FL-based company was founded in 2024 and plans to list on the Nasdaq; it has not yet selected a ticker symbol (RC placeholder: RTAC.RC). Clear Street is the sole bookrunner on the deal
