According to Forbes, three senior executives of Trump Media & Technology Group (TMTG) have established a new special purpose acquisition company (SPAC) called Renatus Tactical Acquisition Corp I, registered in the Cayman Islands, aiming to raise at least $179 million to acquire companies in the cryptocurrency, blockchain or related industries. The leadership team has close ties to Trump Media: CEO Eric Swider is a member of the TMTG board; Chairman Devin Nunes also serves as the CEO of TMTG; COO Alexander Cano previously held the role of president at the company that merged with TMTG. According to the filing with the U.S. Securities and Exchange Commission (SEC), Renatus Tactical will focus on cryptocurrency and blockchain, data security, and dual-use technologies. The company stated in the document: "The current administration has taken unprecedented steps to incorporate digital assets into the national financial strategy."