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Rainier Acquisition Corporation (Nasdaq: RNAQU/RNAQ/RNAQW) priced its initial public offering of 7,500,000 units at $10.00 per unit, for expected gross proceeds of $75,000,000 before underwriting discounts and expenses. Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant, with each whole warrant exercisable at $11.50 per share.
The units are expected to begin trading on the Nasdaq Capital Market under the symbol RNAQU on August 27, 2026, with the Class A shares and warrants later trading separately under RNAQ and RNAQW. The offering is expected to close on August 28, 2026, subject to customary conditions. Rainier is a special purpose acquisition company targeting global life sciences sectors and has granted the underwriter, Chardan, a 45-day option to purchase up to an additional 1,125,000 units at the IPO price to cover over-allotments. A registration statement was declared effective by the SEC on August 26, 2026.