Trump Sons' Company Hopes to Benefit from Federal Grants, Then Deletes Reference

A company led by President Donald Trump's sons, Eric and Donald Trump Jr., filed a document stating its intention to benefit from federal government grants and incentives. However, after the AP asked about the conflict of interest, the document was revised, and the line was removed. The company, New America Acquisition 1 Corp., is a special purpose acquisition company that aims to purchase an American manufacturer to boost domestic manufacturing. The Trump Organization did not comment on the change, and an outside law firm attributed it to a "mistake."

A new special purpose acquisition company (SPAC), New America Acquisition I Corp., led by Eric Trump and Donald Trump Jr., has filed a document with the Securities and Exchange Commission (SEC) indicating its intention to benefit from federal government grants and incentives. The company aims to merge with an American manufacturer to boost domestic manufacturing. However, after the Associated Press (AP) questioned the potential conflict of interest, the document was revised to remove the line [3].

The SPAC, based in Florida, plans to raise $300 million through an initial public offering (IPO) on the New York Stock Exchange. The company will target businesses that play a meaningful role in revitalizing domestic manufacturing, expanding innovation ecosystems, and strengthening critical supply chains. The SPAC also seeks companies well-positioned to benefit from federal or state-level incentives such as grants, tax credits, government contracts, or preferential procurement programs [3].

Eric Trump and Donald Trump Jr. received 2 million and 3 million founder shares respectively and will serve on the advisory board. The SPAC is underwritten by Dominari Securities and D Boral Capital [3].

The Trump Organization has not commented on the change, and an outside law firm attributed the revision to a "mistake." The company's previous involvement with SPACs includes backing firearms retailer GrabAGun and crypto company World Liberty Financial [1].

References:

[1] https://www.forbes.com/sites/zacharyfolk/2025/08/04/don-jr-and-eric-trump-back-new-spac-targeting-american-manufacturing-heres-how-these-deals-have-worked-in-the-past/
[2] https://www.gurufocus.com/news/3032398/sba-communications-sbac-surpasses-q2-revenue-expectations-and-updates-full-year-outlook
[3] https://www.capitalbrief.com/briefing/trump-sons-take-advisory-roles-in-us-blank-cheque-spac-tied-to-federal-incentives-6b65035f-7ae7-4ede-b0d7-ba20ea514ccb/