InvestmentApr 26, 2026, 05:20 AM
RACC Files for $50M IPO of 5M Class A Shares
AI Summary
Research Alliance Corp III (RACC), a newly organized blank check company, filed an amendment to its S-1 registration statement for an initial public offering. The company plans to offer 5,000,000 Class A ordinary shares at $10.00 per share, aiming to raise $50,000,000. The proceeds will be deposited into a trust account for a future business combination, with a focus on the healthcare or healthcare-related industries. The sponsor, Research Alliance Holdings III LLC, has acquired founder shares and will purchase additional private placement shares.
Key Highlights
- Initial public offering of 5,000,000 Class A ordinary shares.
- Offering price set at $10.00 per share, totaling $50,000,000.
- Underwriter has 45-day option to purchase up to 750,000 additional shares.
- $50,000,000 (or $57,500,000 with over-allotment) to be deposited into a trust account.
- Sponsor purchased 1,014,706 Class B founder shares for $25,000.
- Sponsor to purchase 695,000 Class A private placement shares for $6,950,000.
- Must complete initial business combination within 24 months.
- Underwriting discounts include 1% upfront and 3% deferred.