Rhea-AI Summary
Research Alliance Corporation III (Nasdaq:RACC) priced its initial public offering of 7,500,000 Class A ordinary shares at $10.00 per share, for gross proceeds of $75 million. The shares begin trading on the Nasdaq Capital Market on May 20, 2026, with closing expected May 21, 2026.
The SPAC, sponsored by an affiliate of RA Capital Management, aims to pursue a business combination, primarily in healthcare or healthcare-related industries. Leerink Partners is sole bookrunning manager, with participation from multiple institutional investors. The SEC declared the registration statement effective on May 19, 2026.
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FAQ
What is the current stock price of Research Alliance Corporation III (RACC)?
Research Alliance Corporation III (RACC) last closed at $10.13.
What is the market cap of Research Alliance Corporation III (RACC)?
The market cap of Research Alliance Corporation III (RACC) is approximately $92.2M.