Corporate ActionApr 27, 2026, 02:27 PM
RREV Files S-1 for $250M IPO of 25M Units at $10.00
AI Summary
RRE Ventures Acquisition Corp. filed an Amendment No. 2 to its S-1 registration statement for an initial public offering. The blank check company plans to offer 25,000,000 units at $10.00 each, aiming to raise $250,000,000 for a future business combination. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with proceeds to be held in a trust account.
Key Highlights
- Offering 25,000,000 units at $10.00 per unit for $250,000,000.
- Each unit comprises one Class A ordinary share and one-third of one redeemable warrant.
- Warrants exercisable at $11.50 per share, 30 days post-business combination.
- Underwriter has 45-day option for up to 3,750,000 additional units.
- $250,000,000 to be placed in a U.S.-based trust account.
- Sponsor holds 9,583,333 founder shares purchased for $25,000.
- Sponsor and underwriter to purchase 7,010,000 private placement warrants for $7,010,000.
- Company has 24 months from closing to complete initial business combination.