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

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.

Donald Trump Jr. and Eric Trump were named members of an advisory board to a new special-purpose acquisition company seeking to merge with businesses advancing “U.S. industrial capacity”—lining up with President Donald Trump’s stated goal of bringing manufacturing jobs back to the United States—but the family has a mixed record using SPACs in the past.