Quarterly ResultJul 2, 2026, 04:14 PM
RACC Reports Q1 Net Loss of $65,249; IPO Completed Post-Period
AI Summary
Research Alliance Corp III, a newly formed blank check company, reported a net loss of $65,249 for the period from inception (February 19, 2026) through March 31, 2026. As of March 31, 2026, the company had $280,275 in cash and a shareholders' deficit of $40,249. Subsequent to the reporting period, the company successfully completed its Initial Public Offering on May 21, 2026, raising $75,000,000, and a private placement of $2,750,000.
Key Highlights
- Reported a net loss of $65,249 for the period from inception (February 19, 2026) through March 31, 2026.
- Basic and diluted net loss per ordinary share was $0.06.
- Cash balance as of March 31, 2026, was $280,275.
- Total assets were $732,917 and total current liabilities were $773,166 as of March 31, 2026.
- Shareholders' deficit stood at $40,249 as of March 31, 2026.
- Repaid a $300,000 promissory note to the Sponsor after the period end.
- Completed Initial Public Offering on May 21, 2026, generating $75,000,000 gross proceeds.
- Completed a private placement on May 21, 2026, generating $2,750,000 gross proceeds.
Price Impact
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