A New York‑based firm, Yorkville Advisors, has filed to launch a special‑purpose acquisition company that will raise $200mn to buy a business in Venezuela. The vehicle targets Latin‑American assets, citing decades of under‑investment and a newly relaxed macro environment. The move signals foreign investors eyeing the country’s opening markets.

Kevin McGurn, the Spac’s chief executive, was recently named interim CEO of Trump Media & Technology Group, the Trump family media company behind Truth Social. His appointment follows the group’s December merger with a Google‑backed fusion‑energy firm. McGurn’s dual roles hint at a broader strategy to align media, tech, and energy ventures.

Venezuela’s political shift began when U.S. special forces seized President Nicolás Maduro and his wife in May, after which U.S‑backed interim leader Delcy Rodríguez took charge. Recent reforms weakened state oil firm PDVSA, allowing private firms to operate wells directly. Yorkville’s filing aligns with a flurry of foreign capital looking to capitalize on these changes.

With Yorkville Advisors already backing the Trump family’s Trump Media & Technology Group in raising $2.5bn for bitcoin and launching themed ETFs, the new Spac underscores a pattern of leveraging political ties for market entry. Investors will watch whether the $200mn raise materializes and if the Venezuelan target delivers the projected modernization upside.