(Andrew Harnik/AP photo)
Fox News host Laura Ingraham, one of the network’s most prominent primetime personalities, has been named as a board member of a new special-purpose acquisition company (SPAC) led by Donald Trump Jr.
Colombier Acquisition Corp. III, a blank-check firm, will seek to merge with a private company as part of a plan to “fund the next chapter of American Exceptionalism and help Make America Grow Again,” according to an SEC filing.
Colombier filed for an initial public offering on Friday, putting up 26 million shares of the company at $10 each, Reuters reported.
The vehicle will be headed by financier Omeed Malik, a close Trump family ally and CEO of 1789 Capital, where Trump Jr. also serves as an executive, according to Bloomberg UK.
Alongside Trump Jr. and Ingraham, the SPAC lists billionaire investor Chamath Palihapitiya, 1789 Capital founder Chris Buskirk, and GOP Senate candidate-turned-investor Blake Masters, also formerly president of the Thiel Foundation, as directors. Palihapitiya is known as Wall Street’s “SPAC king.”
Roth Capital Partners, a longtime player in small-cap IPOs, is underwriting the deal, which aims to list on the New York Stock Exchange, Bloomberg’s reporting adds.
The move by Ingraham grows the proximity between the Trump family and Fox News. Lara Trump, the former Republican National Committee co-chair who is married to Trump Jr.’s brother Eric Trump, is also a host on Fox News.
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