ARLINGTON, VA—Secure America Acquisition, a company formed earlier this year by former Congressman and NBA player Tom McMillen to acquire homeland security companies, raised $80 million in its initial public offering of stock.

Just prior to going public, the company raised a private placement of just over $2 million.

Formerly known as Fortress America Acquisition Corp. II, the company sold 10 million shares at $8 each in its IPO. It trades on the American Stock Exchange under the symbol “HLD.U.”

The company says it is a blank check company formed for the purpose of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more domestic or international operating businesses in the homeland security industry, but not businesses that design, build or maintain mission-critical facilities.

McMillen is chairman and co-CEO.

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