Blank-Check Company Linked to Trump Sons Files for $100M IPO

Dow Jones
06/11

By Elias Schisgall

 

A blank-check company with ties to President Trump's sons filed to raise $100 million in an initial public offering.

American Ventures Acquisition Corp. I plans to list 20 million shares at $5 apiece, according to a Tuesday filing with the Securities and Exchange Commission. The underwriters will have a 45-day option to purchase up to an additional 3 million shares, bringing the total maximum potential offering to $115 million.

The company is led by Anthony Hayes, the chief executive of Dominari Holdings, which has become a go-to dealmaker for President Trump's sons, Eric Trump and Donald Trump Jr., The Wall Street Journal previously reported.

Eric Trump is expected to serve on the blank check company's advisory board. Its board of directors is chaired by Dominari Holdings President Kyle Wool, and the board is also expected to include Stefan Passantino, a deputy White House counsel during the first Trump administration, according to the filing.

The company said it intends to acquire one or more businesses with a total enterprise value of at least $700 million, according to the filing. It said it hasn't yet selected or initiated discussions with business combination targets.

"Our objective is to target businesses that are not only well-positioned for long-term, sustainable growth, but also deeply aligned with the advancement of U.S. industrial capacity, technological leadership and innovation, and economic resilience," the company said in the filing.

The company intends to apply to list its stock on Nasdaq under the symbol AVAC.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

June 10, 2026 14:10 ET (18:10 GMT)

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