Renatus Tactical SPAC Debuts on Nasdaq with $241.5 Million IPO

Mace | 23rd May 2025 | Politics

Renatus Tactical Acquisition Corp I marked its Nasdaq debut on 23 May 2025 following a $241.5 million IPO. Led by former DWAC executives, the SPAC targets blockchain, security, and dual-use tech sectors. Funds raised are held in trust pending a merger within 24–30 months.

Renatus Tactical Acquisition Corp I (RTACU), a special purpose acquisition company (SPAC), is scheduled to ring the Nasdaq opening bell today, 23 May 2025, marking its recent listing on the Nasdaq Global Market. The ceremony will be led by Chief Executive Officer Eric Swider at the Nasdaq MarketSite in New York City. The company successfully closed an upsized initial public offering (IPO) on 16 May 2025, raising $241.5 million through the sale of 24,150,000 units at $10.00 per unit. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. The offering included the full exercise of the underwriters' over-allotment option. The units commenced trading on the Nasdaq under the ticker symbol "RTACU" on 15 May 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed under the symbols "RTAC" and "RTACW," respectively RTACU was fo...

Subscribe to The Mace

Join the member community shaping British politics and stay ahead of what's really happening in the world of politics and public affairs, with expert analysis, breaking news, and insider insights from Westminster and Brussels. The Mace is the leading news source and resource for the government affairs industry, offering required reading and lobby intelligence for professionals.

To see what you are missing out on by not subscribing to The Mace, click here to download our full membership info-pack. This includes having no paywall on op-ed content or profiles/interviews, allowing professional profiles to be read with maximum impact and visibility by government, special advisers, MPs, peers, civil servants, and policy and political decision-makers.