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Dec 5, 2025 8:00 AM

Trump Sons' New America SPAC Rallies 4.7% In $300 Million Debut

New America Acquisition I Corp., a blank-check company backed by Eric Trump and Donald Trump Jr., raised $300 million in its initial public offering, pricing shares at $10 each.

The company’s stock rose roughly as much as 4.7% in its debut on Thursday, Dec. 4, reflecting investor optimism for SPACs after years of volatility and defying a recent selloff of assets linked to the first family of the United States.

The firm plans to target mergers that revitalize domestic manufacturing, expand innovation ecosystems, and strengthen critical supply chains, according to a regulatory filing.

Dominari Securities LLC and D. Boral Capital LLC are co-book-running managers for ...