Monitor for business combination announcement within the 24-month window. SPAC will trade under ticker RACC. The absence of warrants reduces speculative upside compared to typical SPACs.
Executive Summary
Research Alliance Corp III priced its SPAC IPO of 7.5 million Class A ordinary shares at $10.00 per share, raising gross proceeds of $75 million. The SPAC will target healthcare/life sciences companies and has 24 months to complete a business combination. Unlike many SPACs, this offering includes no warrants. Proceeds will be held in trust pending a deal.
Key Financial Metrics
Key Facts
- 7,500,000 Class A ordinary shares offered at $10.00 per share for $75,000,000 gross proceeds
- No warrants issued, unlike many SPAC IPOs
- Sponsor purchased 275,000 private placement shares at $10.00 each ($2,750,000)
- Sole bookrunning manager: Leerink Partners
- $75,000,000 placed in trust account, $1,200,000 for working capital
- Targeting healthcare/life sciences companies; 24-month deadline to complete business combination
- Founder shares purchased at ~$0.02 per share; sponsor holds 1,245,269 founder shares
Financial Impact
$75,000,000 gross IPO proceeds plus $2,750,000 from private placement
Risk Factors
- May not identify suitable acquisition target within 24 months
- Significant dilution from founder shares purchased at nominal price
- No operating history or revenues expected until business combination
- Shareholders have redemption rights which could reduce deal proceeds
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001193125-26-232525 |
| Document: 0001193125-26-232525-index-headers.html | 0001193125-26-232525 |
| Document: 0001193125-26-232525-index.html | 0001193125-26-232525 |
| Document: 0001193125-26-232525.txt | 0001193125-26-232525 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | SC 13G | $10.30 | awaiting T+20 | — | $10.12 (−1.75%) |
Sep 16, 2026 5w ago | 425 | $11.10 $10.15 | ▼ −8.56% | ▼ −10.87% | $10.12 (−8.83%) |
Sep 10, 2026 6w ago | 425 | $11.30 $10.18 | ▼ −9.91% | ▼ −11.78% | $10.12 (−10.44%) |
May 28, 2026 21w ago | 8-K | $10.38 $10.66 | ▲ +2.70% | ▲ +4.49% | $10.12 (−2.50%) |
May 20, 2026 22w ago | 424B4 | $10.28 $10.39 | ▲ +1.07% | ▲ +0.74% | $10.12 (−1.56%) |
May 19, 2026 23w ago | 3 | $10.30 $10.41 | ▲ +1.07% | ▲ +0.33% | $10.12 (−1.75%) |
May 12, 2026 23w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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