This is a standard SPAC IPO filing — no operating revenue or target identified. Monitor for future 8-Ks announcing a definitive business combination agreement, which will be the primary catalyst. The stock will trade near the $10.00 trust value until a deal is announced.
Price Chart
Executive Summary
Research Alliance Corporation III (RACC) filed an 8-K reporting the consummation of its initial public offering (IPO) on May 21, 2026. The company sold 7,500,000 Class A ordinary shares at $10.00 per share for gross proceeds of $75,000,000, and simultaneously completed a private placement of 275,000 shares to its sponsor for $2,750,000. As a newly formed blank-check company with no operations, the $75,000,000 in net proceeds are held in trust pending a business combination within 24 months.
Key Facts
- IPO of 7,500,000 Class A ordinary shares at $10.00/share, gross proceeds of $75,000,000
- Private placement of 275,000 Class A shares to sponsor for $2,750,000
- Total of $75,000,000 deposited in trust account for public shareholders
- Company has 24 months from IPO closing to complete a business combination
- As of May 21, 2026, company had $1,255,049 cash outside trust and working capital of $1,161,503
- No business combination target selected or substantive discussions initiated
Financial Impact
IPO raised $75,000,000 gross; private placement raised $2,750,000; total trust account $75,000,000
Risk Factors
- No identified acquisition target — risk of liquidation if no deal within 24 months
- Sponsor may not have sufficient funds to satisfy indemnification obligations for trust account claims
- Founder shares and private placement shares have lock-up and conversion provisions that could dilute public holders post-deal
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-245567 |
| Document: d910773d8k.htm | 0001193125-26-245567 |
| Document: 0001193125-26-245567-index-headers.html | 0001193125-26-245567 |
| Document: 0001193125-26-245567-index.html | 0001193125-26-245567 |
| Document: 0001193125-26-245567.txt | 0001193125-26-245567 |
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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