InvestmentMay 13, 2026, 06:11 AM
RACC Files S-1 for $75M IPO of Class A Ordinary Shares
AI Summary
Research Alliance Corporation III, a blank check company, filed an S-1 amendment for its initial public offering of 7,500,000 Class A ordinary shares at $10.00 each, aiming to raise $75 million. The company intends to focus on the healthcare industry for its initial business combination and will deposit the gross proceeds into a trust account. The sponsor, Research Alliance Holdings III LLC, acquired founder shares at a nominal price and will also purchase $2.75 million in private placement shares.
Key Highlights
- Initial Public Offering of 7,500,000 Class A ordinary shares at $10.00 per share.
- Aims to raise $75,000,000 in gross proceeds from the IPO.
- $75,000,000 from the offering will be deposited into a trust account.
- Sponsor purchased 1,014,706 founder shares for $25,000 (approx. $0.02/share).
- Sponsor to purchase 275,000 private placement shares for $2,750,000.
- Underwriting discounts and commissions total $3,000,000 ($0.40 per share).
- Company will repay up to $300,000 in loans from the sponsor.
- Targeting healthcare or healthcare-related industries for business combination.
Price Impact
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