Eric and Donald Trump Jr. Are Backing a U.S. Manufacturing SPAC
New America Acquisition I Corp. on Monday filed paperwork for what it hopes will be a $300 million public offering on the New York Stock Exchange. SPACs, or special-purpose acquisition companies, are blank-check firms that look for a private company to merge with. The private company then takes the SPAC's listing, essentially going public while avoiding some of the red tape of a traditional IPO.
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