Welcome to our dedicated page for Republic Digital Acquisition news (Ticker: RDAGU), a resource for investors and traders seeking the latest updates and insights on Republic Digital Acquisition stock.
Republic Digital Acquisition Company (Nasdaq: RDAGU) is a blank check company in the financial services sector, classified among shell companies. Its public communications describe a structure designed to complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with an expected focus on targets in fintech, software and cryptocurrency industries.
This news page gathers updates related to Republic Digital Acquisition Company’s capital markets activity and corporate milestones. Readers can find announcements about the pricing and closing of its initial public offering, details on the size of the offering, and information about the listing of its units on the Nasdaq Global Market under the ticker symbol RDAGU. News items also describe the composition of each unit, including one Class A ordinary share and one-half of one redeemable warrant, as well as the exercise terms for whole warrants.
Coverage also includes notices about the commencement of separate trading for the company’s Class A ordinary shares and warrants. These announcements explain when holders of units sold in the initial public offering may elect to separately trade the Class A ordinary shares and warrants, and how the separated securities trade under the symbols RDAG and RDAGW, while units that remain combined continue to trade as RDAGU.
Investors and observers can use this page to review Republic Digital Acquisition Company’s key public announcements related to its market listings, trust account funding structure and stated acquisition focus. By following these updates, readers can monitor how the company progresses from its initial public offering stage toward identifying and executing a potential business combination, as described in its news releases.
Republic Digital Acquisition Company has successfully completed its initial public offering (IPO) of 30,000,000 units at $10.00 per unit, raising gross proceeds of $300 million. The units, trading under symbol RDAGU on Nasdaq, consist of one Class A ordinary share and one-half redeemable warrant, with each whole warrant exercisable at $11.50 per share.
The company is a blank check company (SPAC) focused on acquiring businesses in the fintech, software, and cryptocurrency industries. The management team is led by CEO Joseph Naggar, with $300 million placed in a trust account. The Class A shares and warrants will eventually trade separately under symbols RDAG and RDAGW, respectively. Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.
Republic Digital Acquisition Company has priced its upsized IPO at $264 million, offering 26.4 million units at $10.00 per unit. Each unit includes one Class A ordinary share and half a redeemable warrant, with whole warrants allowing purchase of shares at $11.50.
Trading begins May 1, 2025, on Nasdaq under symbol "RDAGU". The units will later separate into shares (RDAG) and warrants (RDAGW). The company granted underwriters a 45-day option for 3.96 million additional units.
As a blank check company, Republic Digital aims to merge or acquire businesses, focusing on fintech, software, and cryptocurrency sectors. The management team is led by CEO Joseph Naggar and CFO Ian Goodman, with Cantor Fitzgerald serving as sole book-running manager.
The IPO is expected to close May 2, 2025, with $10.00 per unit deposited in trust.
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