Research Alliance Corp III Completes $75M IPO and Establishes SPAC Governance
RACC is trading near its 52-week low of $10.21 (0.7% above the low) on light trading volume (0.2× avg).
Summary
Research Alliance Corp III has completed its $75 million IPO and a $2.75 million private placement, fully funding its trust account and establishing its governance framework for future operations.
Key Events · Financing and Capital Events · RACC
-
IPO Consummation
Research Alliance Corp III completed its initial public offering of 7.5 million Class A ordinary shares at $10.00 per share, generating gross proceeds of $75 million.
-
Trust Account Funded
A total of $75 million from the IPO and a concurrent private placement was deposited into a trust account for the benefit of public shareholders.
-
Private Placement Completed
The Sponsor purchased 275,000 Class A ordinary shares at $10.00 per share in a private placement, generating $2.75 million.
-
New Director Appointments
Michael F. MacLean and Timothy J. Miller were appointed to the board of directors and key committees, receiving Class B shares as compensation.
Analysis · RACC · Real Estate & Construction
This 8-K confirms the successful consummation of Research Alliance Corp III's Initial Public Offering (IPO) and a concurrent private placement, establishing the foundational capital and governance structure for the Special Purpose Acquisition Company (SPAC). The $75 million raised in the IPO, combined with the $2.75 million from the private placement, fully funds the trust account, enabling the company to pursue its initial business combination. The detailed agreements, including the amended charter, outline critical operational parameters such as the 80% asset value rule for target businesses, the conversion mechanics for founder shares, and the voting rights for directors, providing clarity on the SPAC's path forward.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 35.7% of the 1024 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RACC was trading at $10.28 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $76.8M. The 52-week trading range was $10.21 to $10.50. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.