Trump's sons launch investment vehicle to capitalise on US policy

Source: Financial Times.




Blank cheque firm will target a company positioned to benefit from federal tax credits or contracts



Published 38 minutes ago


Eric Trump and Donald Trump Jr are backing a new blank cheque investment vehicle potentially positioned to capitalise on US policy, marking the latest push into public markets by the president’s family.

New America Acquisition I Corp will target a company in the US that plays “a meaningful role in revitalising domestic manufacturing, expanding innovation ecosystems, and strengthening critical supply chains,” the group said in filings with the Securities and Exchange Commission on Monday.

The filing said it would seek out a company “well-positioned to benefit from federal or state-level incentives, such as grants, tax credits, government contracts or preferential procurement programs,” and where “the US government has an identifiable economic or security interest”.


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Donald Trump’s sons have in recent months become actively involved in several private and publicly listed companies that stand to benefit from the president’s embrace of digital assets and attempts to revitalise US manufacturing and the so-called patriotic economy.
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Read more: https://www.ft.com/content/a4e6d16e-b8fa-40f4-8dce-fed902566cf2

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OF course the trumper's want --and will get for money!!

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Donald Trump’s elder sons have in recent months become actively involved in several publicly listed companies that stand to benefit from the president’s actions © Pool/ABACA via Reuters Connect