Research Alliance Corp III prices IPO for $75M, deposits $75M in trust

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2026.05.28 21:33
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Research Alliance Corp III has successfully completed its IPO, raising $75 million by selling 7.5 million Class A shares at $10 each. Additionally, a private placement of 275,000 Class A shares generated $2.75 million. The total proceeds, including a deferred commission, have been placed in trust for public shareholders. An unqualified opinion on the balance sheet shows total assets of $76,255,049 as of May 21, 2026.