Bank of America Corp (RACC) reports 6.5% stake in Research Alliance Class A shares

Rhea-AI Filing Summary

Bank of America Corporation, through its subsidiaries, reports beneficial ownership of 503,914 Class A Ordinary Shares of Research Alliance Corp III. This represents 6.5% of the class, based on 7,775,000 shares outstanding as reported by the issuer as of June 24, 2026.

All 503,914 shares are held with shared voting and shared dispositive power, with no sole voting or dispositive power. The position is held via wholly owned subsidiaries including BofA Securities, Inc. and Merrill Lynch International, and is reported on a passive ownership basis.

Key Figures

Shares beneficially owned: 503,914 shares Percent of class: 6.5% Shares outstanding baseline: 7,775,000 shares +3 more

6 metrics

Shares beneficially owned 503,914 shares Class A Ordinary Shares of Research Alliance Corp III reported by Bank of America

Percent of class 6.5% Portion of Research Alliance Corp III Class A shares beneficially owned

Shares outstanding baseline 7,775,000 shares Shares outstanding of Research Alliance Corp III as of June 24, 2026

Shared voting power 503,914 shares Shares over which Bank of America has shared power to vote

Shared dispositive power 503,914 shares Shares over which Bank of America has shared power to dispose

Filing date signature 08/03/2026 Date the ownership statement was signed by authorized signatory

Key Terms

beneficial ownership, shared voting power, shared dispositive power, parent holding company, +2 more

6 terms

beneficial ownership financial

"The beneficial ownership calculation relies on the 7,775,000 outstanding shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared voting power financial

"Shared Voting Power 503,914.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 503,914.00"

parent holding company financial

"If a parent holding company has filed this schedule"

broker dealer financial

"a broker dealer registered under section 15 of the Act"

A broker-dealer is a firm or individual that helps people buy and sell stocks, bonds and other securities (acting as a broker) and may also trade those same securities with its own money (acting as a dealer). It matters to investors because broker-dealers execute trades, hold assets, provide access to markets and research, and can create conflicts of interest — like a market operator that also sells its own goods — so their costs, speed and trustworthiness directly affect investment outcomes.

non-U.S. institution financial

"Merrill Lynch International, a non-U.S. institution in accordance"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/03/2026 - 04:27 PM Accepted by SEC EDGAR 08/03/2026 - 04:25 PM Learn about SEC filing dates

FAQ

What percentage of Research Alliance Corp III (RACC) does Bank of America own?

Bank of America reports beneficial ownership of 6.5% of the Class A Ordinary Shares of Research Alliance Corp III. This percentage is calculated using 7,775,000 shares outstanding as disclosed by the issuer for shares outstanding as of June 24, 2026.

How many RACC Class A shares does Bank of America beneficially own?

Bank of America reports beneficial ownership of 503,914 Class A Ordinary Shares of Research Alliance Corp III. These shares are held with shared voting and dispositive power through its subsidiaries, rather than directly with sole control at the parent-company level.

What voting power does Bank of America have over its RACC shares?

Bank of America has shared voting power over 503,914 shares and no sole voting power in Research Alliance Corp III. It also has shared dispositive power over 503,914 shares, meaning decisions to sell or transfer are shared, not individually controlled.

Which Bank of America subsidiaries hold the RACC position?

The position in Research Alliance Corp III is reported by Bank of America on behalf of BofA Securities, Inc. and Merrill Lynch International. Both are wholly owned subsidiaries, including a U.S. registered broker-dealer and a non-U.S. institution filing under Rule 13d-1(b)(1)(ii)(J).

How was the 6.5% ownership in RACC calculated for Bank of America?

The 6.5% beneficial ownership is based on 503,914 shares held versus 7,775,000 shares outstanding of Research Alliance Corp III. The outstanding share figure comes from the issuer’s Form 10-Q, which reports totals as of June 24, 2026.

Is Bank of America’s stake in RACC held with sole or shared control?

Bank of America reports 0 shares with sole voting or dispositive power and 503,914 shares with shared voting and shared dispositive power. This indicates its RACC stake is controlled jointly through subsidiaries rather than solely by the parent entity.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Research Alliance Corp III

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G75226103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G75226103

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 503,914.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 503,914.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

503,914.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.5 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 7,775,000 outstanding shares disclosed in the Form 10-Q by the issuer on July 2, 2026, which reports share totals as of June 24, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Research Alliance Corp III
(b)	Address of issuer's principal executive offices: 600 FIFTH AVENUE, 23RD FLOOR, NEW YORK, NEW YORK, 10020.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP Number(s): G75226103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 503,914.00
(b)	Percent of class: 6.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 503,914.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 503,914.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); and Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	08/03/2026