Overview

• New America Acquisition I Corp has filed to offer 30 million units at $10 each on the New York Stock Exchange, aiming to raise $300 million.
• Eric Trump and Donald Trump Jr. will serve on the SPAC’s advisory board with a combined five million founder shares convertible to common stock upon merger.
• Under CEO Kevin McGurn and adviser Kyle Wool, the blank-check company plans to target U.S. manufacturing businesses with combined enterprise values of at least $700 million.
• After an Associated Press inquiry, New America removed a line in its SEC filing about tapping federal or state incentives, highlighting ethics concerns.
• The offering follows the Trump family’s prior SPAC ventures and raises conflict-of-interest questions over private enrichment tied to public policy.