Republic Digital Acquisition Company Completes $300,000,000 Initial Public Offering
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 ha completato con successo la sua offerta pubblica iniziale (IPO) di 30.000.000 di unità a 10,00 $ per unità, raccogliendo un ricavo lordo di 300 milioni di dollari. Le unità, quotate con il simbolo RDAGU sul Nasdaq, sono composte da un'azione ordinaria di Classe A e da una metà di warrant rimborsabile, con ogni warrant intero esercitabile a 11,50 $ per azione.
L'azienda è una società veicolo (SPAC) focalizzata sull'acquisizione di imprese nei settori fintech, software e criptovalute. Il team di gestione è guidato dall'amministratore delegato Joseph Naggar, con 300 milioni di dollari depositati in un conto fiduciario. Le azioni di Classe A e i warrant verranno successivamente negoziati separatamente con i simboli RDAG e RDAGW, rispettivamente. Cantor Fitzgerald & Co. ha agito come unico gestore principale dell'offerta.
Republic Digital Acquisition Company ha completado con éxito su oferta pública inicial (IPO) de 30,000,000 unidades a $10.00 por unidad, recaudando ingresos brutos de $300 millones. Las unidades, que cotizan bajo el símbolo RDAGU en Nasdaq, consisten en una acción ordinaria Clase A y medio warrant redimible, con cada warrant completo ejercitable a $11.50 por acción.
La compañía es una empresa de cheques en blanco (SPAC) enfocada en adquirir negocios en las industrias de fintech, software y criptomonedas. El equipo directivo está liderado por el CEO Joseph Naggar, con $300 millones depositados en una cuenta fiduciaria. Las acciones Clase A y los warrants eventualmente se negociarán por separado bajo los símbolos RDAG y RDAGW, respectivamente. Cantor Fitzgerald & Co. actuó como el único administrador principal del ofrecimiento.
Republic Digital Acquisition Company는 30,000,000 단위를 단위당 $10.00에 성공적으로 기업공개(IPO)를 완료하여 총 3억 달러의 자금을 조달했습니다. 이 단위들은 나스닥에서 RDAGU라는 심볼로 거래되며, 하나의 클래스 A 보통주와 절반의 상환 가능한 워런트로 구성되어 있으며, 전체 워런트는 주당 $11.50에 행사할 수 있습니다.
이 회사는 핀테크, 소프트웨어, 암호화폐 산업에 집중하는 스팩(SPAC) 회사입니다. 경영진은 CEO Joseph Naggar가 이끌고 있으며, 3억 달러가 신탁 계좌에 예치되어 있습니다. 클래스 A 주식과 워런트는 각각 RDAG와 RDAGW라는 심볼로 별도 거래될 예정입니다. Cantor Fitzgerald & Co.가 단독 주간사 역할을 수행했습니다.
Republic Digital Acquisition Company a réussi son offre publique initiale (IPO) de 30 000 000 d’unités à 10,00 $ par unité, levant ainsi un produit brut de 300 millions de dollars. Les unités, cotées sous le symbole RDAGU sur le Nasdaq, sont composées d’une action ordinaire de Classe A et d’une demi-warrant remboursable, chaque warrant entier étant exerçable à 11,50 $ par action.
La société est une société d’acquisition à vocation spécifique (SPAC) axée sur l’acquisition d’entreprises dans les secteurs fintech, logiciel et cryptomonnaies. L’équipe de direction est menée par le PDG Joseph Naggar, avec 300 millions de dollars placés sur un compte en fiducie. Les actions de Classe A et les warrants seront finalement négociés séparément sous les symboles RDAG et RDAGW, respectivement. Cantor Fitzgerald & Co. a été le gestionnaire principal unique de l’offre.
Republic Digital Acquisition Company hat erfolgreich sein Initial Public Offering (IPO) von 30.000.000 Einheiten zu je 10,00 $ pro Einheit abgeschlossen und dabei Bruttoerlöse von 300 Millionen Dollar erzielt. Die Einheiten, die unter dem Symbol RDAGU an der Nasdaq gehandelt werden, bestehen aus einer Klasse-A-Stammaktie und einem halben rückzahlbaren Bezugsrecht, wobei jedes volle Bezugsrecht zu 11,50 $ pro Aktie ausgeübt werden kann.
Das Unternehmen ist eine Blankoscheckgesellschaft (SPAC), die sich auf den Erwerb von Unternehmen in den Branchen Fintech, Software und Kryptowährungen spezialisiert hat. Das Managementteam wird von CEO Joseph Naggar geleitet, und 300 Millionen Dollar wurden auf ein Treuhandkonto eingezahlt. Die Klasse-A-Aktien und Bezugsrechte werden später unter den Symbolen RDAG bzw. RDAGW separat gehandelt. Cantor Fitzgerald & Co. fungierte als alleiniger Bookrunner für das Angebot.
- Successfully raised $300 million through IPO
- Full exercise of over-allotment option by underwriters, indicating strong demand
- Focused strategy targeting high-growth sectors (fintech, software, cryptocurrency)
- 100% of IPO proceeds ($10.00 per unit) placed in trust account
- No specific acquisition target identified yet
- Operating as a blank check company with inherent uncertainty
- Success depends on finding suitable acquisition target within limited timeframe
- Exposure to volatile cryptocurrency and fintech sectors
Insights
Republic Digital Acquisition Company raised $300M in SPAC IPO targeting fintech, software, and crypto sectors; standard structure with promising capital raise.
Republic Digital Acquisition Company has successfully completed its $300,000,000 initial public offering, selling 30,000,000 units at $10.00 each on the Nasdaq Global Stock Market. The full exercise of the 3,600,000 unit over-allotment option indicates strong initial institutional demand for this new blank check company.
The company's unit structure follows standard SPAC architecture: each unit contains one Class A ordinary share plus one-half of one redeemable warrant (exercisable at $11.50). The company has placed 100% of the proceeds into a trust account, providing maximum capital protection for investors during the search phase.
This SPAC is targeting acquisition opportunities in the fintech, software and cryptocurrency sectors—three high-growth areas with numerous private companies potentially seeking public market access. The management team appears to bring relevant expertise, with Joseph Naggar serving as CEO/CIO alongside a structured executive team and board.
Cantor Fitzgerald's involvement as sole book-runner adds credibility, as they have extensive experience in SPAC underwriting. While this IPO represents successful capital formation, investors should recognize this is merely the first stage in the SPAC lifecycle. The true value creation (or destruction) will occur only when management identifies and completes a business combination with a target company—a process that typically takes 18-24 months.
For context, a SPAC is essentially a publicly-traded cash vehicle that must identify and acquire an operating business. Until a merger target is announced, RDAGU represents primarily a trust value investment with optionality on management's deal-making capabilities.
New York, NY, May 02, 2025 (GLOBE NEWSWIRE) -- Republic Digital Acquisition Company (the “Company”) announced today the closing of its initial public offering of 30,000,000 units, which includes 3,600,000 units issued pursuant to the exercise by the underwriters of their over-allotment option. The offering was priced at
The Company’s units began trading on May 1, 2025 on the Nasdaq Global Stock Market LLC (“Nasdaq”) under the ticker symbol “RDAGU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of
Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants,
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry but expects to focus on a target in fintech, software and cryptocurrency industries.
The Company’s management team is led by Joseph Naggar, the Chief Executive Officer, Chief Investment Officer and Director, Ian Goodman, its Chief Financial Officer, Jonathan Knipper, its Chief Operating Officer and Darren Sandler, its General Counsel. The Board of Directors also includes Andrew Durgee, Barry Finkelstein, Laya Khadjavi and Robert Matza.
Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.
A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds of the initial public offering and the simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Republic Digital Acquisition Company
RDAC-PR@republic.co
FAQ
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