Donald Trump Jr. and Eric Trump are spearheading New America Acquisition I Corp., a special purpose acquisition company (SPAC) targeting a $300 million initial public offering on the New York Stock Exchange, according to a securities filing reported by The Wall Street Journal.

The SPAC seeks to acquire businesses with a combined enterprise value of at least $700 million, prioritizing the revitalization of U.S. manufacturing and the strengthening of domestic supply chains.

The filing highlights New America's strategy to target companies that "play a pivotal role in rejuvenating domestic manufacturing, fostering innovation ecosystems, and securing critical supply chains." The venture will be led by Kevin McGurn, a seasoned technology executive, with Kyle Wool serving as an adviser. The offering is underwritten by investment banks D. Boral Capital and Dominari Securities, the latter a subsidiary of the firm where Wool holds a leadership role.