RRE Ventures Acquisition Corp. has a large shareholder group led by the LMR investment management entities and individuals Ben Levine and Stefan Renold (the Reporting Persons). As of June 30, 2026, funds they manage held 2,000,000 Class A ordinary shares, representing 8.0% of the outstanding Class A ordinary shares, based on 25,000,000 shares outstanding as of May 22, 2026. These shares are held through LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, each of which acquired 1,000,000 Units in the SPAC’s IPO.
Each Unit consists of one Class A share and one-third of a redeemable warrant, so each fund also directly holds warrants to purchase 333,333 Class A shares. The warrants have an exercise price of $11.50 per share, become exercisable 30 days after completion of the initial business combination, and expire five years after that business combination or earlier upon redemption or liquidation. The Reporting Persons report shared voting and dispositive power over all 2,000,000 shares and no sole voting or dispositive power.
RRE Ventures Acquisition Corp., a Cayman Islands SPAC, reported total assets of $252.4 million as of June 30, 2026, including $251.4 million of cash in a Trust Account and $700,000 of operating cash. All 25,000,000 Class A shares are classified as subject to possible redemption at $10.06 per share, creating a shareholders’ deficit of $9.5 million.
For the quarter, it recorded net income of $1.15 million, driven by $1.40 million of interest on Trust funds and a $197,200 gain on the over-allotment option liability, offset by $453,428 of formation, general and administrative costs. Transaction costs from the May 1, 2026 IPO totaled $15.95 million, including $10 million of deferred underwriting fees.
Management discloses that with only $581,666 of working capital and expected costs to pursue a business combination, current liquidity raises substantial doubt about the company’s ability to continue as a going concern for at least one year, absent additional financing or a completed merger.
RRE Ventures Acquisition Corp has a significant shareholder group led by Magnetar Financial LLC and related entities. As of June 30, 2026, these reporting persons beneficially owned 2,000,000 Class A ordinary shares through various Magnetar funds. The holdings are spread across multiple Cayman and Delaware vehicles advised by Magnetar Financial, which exercises voting and investment power over the accounts.
The 2,000,000 shares represent 8.00% of the Class A shares outstanding, based on 25,000,000 shares outstanding as of May 22, 2026. All voting and dispositive authority over these shares is reported on a shared basis, with no sole voting or dispositive power indicated for any reporting person.
RRE Sponsor, LLC reported beneficial ownership of 5,585,333 Class A Ordinary Shares of RRE Ventures Acquisition Corp., based on shares underlying Class B Ordinary Shares that are convertible into Class A on a one‑for‑one basis. As of June 30, 2026, this represents 18.3% of the Class A Ordinary Shares, calculated using 25,000,000 Class A Ordinary Shares outstanding as referenced in a prior quarterly report. RRE Sponsor, LLC has sole voting and dispositive power over all 5,585,333 shares and no shared power. The sponsor is a Delaware limited liability company controlled by a three‑member board of managers, and each manager disclaims beneficial ownership of the securities held by the sponsor.
Adage Capital Management, L.P., together with Robert Atchinson and Phillip Gross, reports beneficial ownership of Class A Ordinary Shares of RRE Ventures Acquisition Corp. The group is deemed to beneficially own 2,250,000 Class A Ordinary Shares, representing 9.00% of the class, based on 25,000,000 shares outstanding as of May 22, 2026. All reported shares are held indirectly through Adage Capital Partners, L.P., with each Reporting Person having shared voting and dispositive power over these shares and no sole voting or dispositive power. The parties file jointly under a Schedule 13G, and the statement notes that it should not, by itself, be construed as an admission of beneficial ownership beyond what is reported.
RRE Ventures Acquisition Corp. has a significant shareholder group led by Hudson Bay Capital Management LP and Sander Gerber. These reporting persons collectively report beneficial ownership of 1,599,999 Class A Ordinary Shares, representing 6.40% of the company’s outstanding Class A Ordinary Shares.
The ownership percentage is based on 25,000,000 Class A Ordinary Shares outstanding as of May 22, 2026, as reported in the company’s quarterly report for the period ended March 31, 2026. Voting and dispositive power over these shares is reported on a shared basis through HB Strategies LLC, with Mr. Gerber disclaiming beneficial ownership beyond his indirect roles.
RRE Ventures Acquisition Corp., a Cayman Islands SPAC, filed its quarterly report for the period from February 26, 2026 (inception) through March 31, 2026. The company recorded a net loss of $60,011, entirely from formation, general and administrative expenses.
At March 31, total assets were $456,407, mainly deferred offering costs of $453,290, against liabilities of $491,418, resulting in a shareholders’ deficit of $35,011. Liquidity was provided by a non‑interest‑bearing promissory note from the sponsor and founder capital.
Subsequent to quarter-end, the SPAC completed its IPO on May 1, 2026, selling 25,000,000 units at $10.00 each for gross proceeds of $250,000,000. A total of $250,000,000 was placed into a trust account, with an additional $7,010,000 raised from private placement warrants. The SPAC has 24 months from the IPO closing to complete a business combination or redeem public shares.
RRE Ventures Acquisition Corp. reported that its 10% owner RRE Sponsor, LLC forfeited 1,250,000 Class B Ordinary Shares on May 14, 2026 for no consideration after underwriters waived their IPO over-allotment option. Following this change, the sponsor holds 5,585,333 Class B Ordinary Shares indirectly.
The Class B Ordinary Shares automatically convert into Class A Ordinary Shares at the time of the company’s initial business combination, or earlier at the sponsor’s option, on a one-for-one basis and have no expiration date. The sponsor is controlled by a three‑member board of managers, each of whom disclaims beneficial ownership except to the extent of any pecuniary interest.
RRE Ventures Acquisition Corp., a special purpose acquisition company, announced that holders of its units may begin separately trading the Class A ordinary shares and warrants on May 20, 2026. Separated shares will trade under “RREV” and warrants under “RREVW,” while unsplit units remain under “RREVU.”
No fractional warrants will be issued, and only whole warrants will trade. The company previously completed an initial public offering of 25,000,000 units on May 1, 2026, and the underwriters forfeited their over-allotment option on May 14, 2026.
RRE Ventures Acquisition Corp., a Cayman Islands-based blank check company, has completed its initial public offering of 25,000,000 units at $10.00 per unit, raising gross proceeds of $250,000,000. Each unit includes one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share.
The company also sold 7,010,000 Private Placement Warrants for $7,010,000, bringing total cash raised to support a future business combination. As of May 1, 2026, $250,000,000 has been placed in a U.S. Trust Account for the benefit of public shareholders, while 25,000,000 Class A shares are classified as redeemable at $10.00 per share.