US EditionEric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
UNITED STATES, AUG 4 – The SPAC plans a $300 million IPO to acquire U.S. manufacturing firms, aiming to boost domestic production and supply chain resilience under an America First economic strategy.
- On Aug. 04, 2025, New America Acquisition I Corp filed a registration statement with the SEC, backed by Donald Trump Jr. and Eric Trump for a $300 million IPO on the NYSE.
- Following the administration’s reshoring push, New America Acquisition I Corp aims to support domestic manufacturing, aligning with President Donald Trump’s ‘America First’ policies, as filings reveal.
- According to filings, the SPAC plans to raise $300 million by issuing 30 million units at $10 each, with each including a share of Class A common stock and a half-warrant at $11.50, targeting mergers valued at $700 million or more.
- Under the deal, Donald Trump Jr. and Eric Trump will serve on the advisory board receiving a combined five million shares, with Eric Trump awarded three million founder shares and Donald Trump Jr. two million.
- Past performance shows the family’s SPAC venture with Trump Media & Technology Group drove a brief windfall, raising net worth to $6.4 billion before the stock plunged over 20%.
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Don Jr., Eric Trump back blank-check company that aims to boost US manufacturing
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Coverage Details
Total News Sources15
Leaning Left4Leaning Right3Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 31%
C 46%
R 23%
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