SPAC Advised by Trump’s Sons Snips Mention of Federal Incentives

Donald Trump Jr. and Eric Trump will advise a new company that’s looking to take over a US-based manufacturer, the latest in a string of such positions for President Donald Trump’s eldest sons.

The Trump-advised blank-check company, called New America Acquisition I Corp., said Monday in a securities filing that it would look to do a deal with a firm “well-positioned to benefit from federal or state-level incentives, such as grants, tax credits, government contracts or preferential procurement programs.”

In an amended version of the document filed later the same day, that description and others were removed. The reason ...