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Ex-Trump Cabinet Member Wilbur Ross Files to Form $345 Million ‘Blank-Check’ Company

Business Companies Politics SPAC US US News wilbur ross

Ex-Trump Cabinet Member Wilbur Ross Files to Form $345 Million ‘Blank-Check’ Company

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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. Ross and …

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