Trump Family-Advised SPAC Drops Mention of Seeking Government Perks

Donald Trump Jr. and Eric Trump will advise a new company that’s looking to take over a US-based manufacturer, the latest in a string of such positions for President Donald Trump’s eldest sons.

The Trump-advised blank-check company, called New America Acquisition I Corp., said Monday in a securities filing that it would look to do a deal with a firm “well-positioned to benefit from federal or state-level incentives, such as grants, tax credits, government contracts or preferential procurement programs.”