Ex-Trump Cabinet Member Wilbur Ross Files to Form $345 Million ‘Blank-Check’ Company
Members of the Trump administration just started a SPAC that will let them write blank checks to acquire companies and help conservative voices.
Former Trump administration cabinet member Wilbur Ross filed with the Securities and Exchange Commission (SEC) to form a $345 million special purpose acquisition company (SPAC).
Ross, who served as former President Donald Trump’s secretary of Commerce, filed to form the Ross Acquisition Corp II and is seeking to raise $345 million, the filing revealed.
Former Trump economic advisor Larry Kudlow, who previously worked for CNBC, will join Ross as director of the committee.
A SPAC can raise money from investors to be used for an acquisition of a private company before making it public.
“We are a newly organized blank check company incorporated on January 22, 2021 and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination,” said the SEC filing.
Other top executives include Stephen J. Toy, Nadim Z. Qureshi, Edward A. Snyder, and Lord William Astor—the English businessman and politician who sits as a Conservative hereditary Lord Temporal in the House of Lords and is also a member of the prominent Astor family. Read more at https://www.theepochtimes.com/ex-trump-cabinet-member-wilbur-ross-files-to-form-345-million-blank-check-company_3684041.html
Truth prevail however beware
They say people are more apt to support the underdog, not that Trump will ever be one, however the US election ‘was’ stolen in plain sight.
A Trump backed media platform could be another ‘problem, reaction, their solution’ tactic. Suggest we watch closely as this proceeds. Thank you.
Without Prejudice and Without Recourse
Doreen A Agostino
Via ethernet to safeguard life