The SPAC, called New America Acquisition I Corp., will target companies that are "businesses with a focus on American values and priorities," the company said in a press release. The SPAC will seek to merge with a company that plays “a meaningful role in revitalizing domestic manufacturing,” New America said in an SEC filing.

New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.

The president’s sons have interest in millions of shares in New America SPAC, which will target companies “revitalizing domestic manufacturing.”