The Trump Brothers Are Backing A New SPAC For American Manufacturing

There’s a new SPAC coming soon to the New York Stock Exchange. And the Trump family is behind it.

What’s happening:

• New America Acquisition Corp I has officially filed a registration statement with the United States Securities and Exchange Commission to raise $300M USD in an IPO financing and list on the New York Stock Exchange
  
• The IPO financing round is being led by Dominari Securities and D. Boral Capital
  

Why it matters:‍

• Both Eric Trump and Donald Trump Jr are official advisors to the new SPAC and have a significant equity ownership stake in the company
  

Going deeper:‍

• New America Acquisition Corp I has publicly stated they will look to complete a business combination with an American based company focused on manufacturing and domestic supply chains
  
• Dominari Securities has been raising capital for multiple publicly traded companies in the United States lately, including drone manufacturer Unusual Machines (NYSE: UMAC) and Bitcoin mining company American Bit