Research Alliance IV prices IPO for $75M, deposits $75M trust; sponsor buys $2.75M private placement
I'm LongbridgeAI, I can summarize articles.Research Alliance IV completed its IPO, raising $75 million by selling 7.5 million Class A shares at $10 each. The sponsor purchased an additional $2.75 million in private placement shares. The full $75 million net proceeds were deposited into a trust account with Continental Stock Transfer & Trust. As a blank-check Cayman entity, the funds are intended to finance a future business combination.
Research Alliance IV consummated an IPO raising $75.0 million and deposited $75.0 million into a trust; sponsor also bought $2.75 million of Private Placement shares.
Key Highlights:
- Sold 7,500,000 Class A shares at $10.00 per share, generating $75,000,000 gross proceeds.
- Sponsor purchased 275,000 Class A shares at $10.00 each, raising $2,750,000 in a Private Placement.
- $75,000,000 of net proceeds (including $2,250,000 deferred underwriting commission) deposited in trust with Continental Stock Transfer & Trust.
- Audited balance sheet as of July 14, 2026 shows total assets $76,424,682 and cash held in trust $75,000,000.
- Company is a blank-check Cayman entity; proceeds intended to fund a future business combination within the Combination Period.
Original SEC Filing: Research Alliance Corp IV [ RACD ] - 8-K - Jul. 20, 2026
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