Monitor for the announcement of a definitive business combination agreement, which will be the primary catalyst for RACD shares. The stock will likely trade near the trust value of $10.00 per share until a target is identified.
Price Chart
Executive Summary
Research Alliance Corporation IV (RACD) completed its IPO of 7,500,000 Class A ordinary shares at $10.00 per share, raising $75 million in gross proceeds, and simultaneously closed a $2.75 million private placement with its sponsor. The net proceeds were deposited into a trust account, providing the SPAC with a 24-month window to identify and complete an initial business combination. This is a routine SPAC IPO filing with no target identified, making it a neutral event for the stock.
Key Facts
- Completed IPO of 7,500,000 Class A ordinary shares at $10.00 per share, generating $75,000,000 in gross proceeds.
- Simultaneously closed a private placement of 275,000 Class A ordinary shares to the sponsor for $2,750,000.
- A total of $75,000,000 was deposited into a trust account for the benefit of public shareholders.
- The company has until July 14, 2028 to complete an initial business combination or it will liquidate and redeem public shares.
- As of the IPO date, the company had $1,414,902 in cash outside the trust account and working capital of $1,294,614.
- The company has not yet selected any specific business combination target.
Financial Impact
IPO raised $75,000,000 in gross proceeds from public offering and $2,750,000 from private placement, with $75,000,000 deposited in trust.
Risk Factors
- Failure to complete a business combination within 24 months will result in liquidation and return of trust proceeds to public shareholders.
- The sponsor's indemnification obligations may not be sufficient to cover third-party claims against the trust account.
- The company has limited operating history and no revenue, with a high risk of not finding a suitable target.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-309108 |
| Document: d16272d8k.htm | 0001193125-26-309108 |
| Document: 0001193125-26-309108-index-headers.html | 0001193125-26-309108 |
| Document: 0001193125-26-309108-index.html | 0001193125-26-309108 |
| Document: 0001193125-26-309108.txt | 0001193125-26-309108 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 20, 2026 14w ago | 8-K | $10.44 $11.90 | ▲ +13.98% | ▲ +11.42% | $10.41 (−0.29%) |
Jul 14, 2026 14w ago | 8-K | $10.64 $11.42 | ▲ +7.33% | ▲ +4.99% | $10.41 (−2.16%) |
Jul 13, 2026 15w ago | 424B4 / EFFECT | $10.34 $11.51 | ▲ +11.32% | ▲ +8.13% | $10.41 (+0.68%) |
Jul 10, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 10, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 10, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 10, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 10, 2026 15w ago | 3 | — | awaiting T+20 | — | — |
Jul 8, 2026 15w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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