Donald Trump Jr. - backed company files for $260 million US IPO as President Trump family business empire expands

Launched in 2022 by Omeed Malik and Chris Buskirk, 1789 Capital has the tagline "funding the next chapter of American exceptionalism" on its website. Malik was a prominent donor to Donald Trump's presidential campaign.Chamath Palihapitiya, dubbed Wall Street's "SPAC king" for his high-profile blank-check deals, will be one of the directors of the company.SPACs are shell companies that use their IPO proceeds to merge with a private company, thereby taking it public while avoiding the regulatory scrutiny of ...