Financing ·
Research Alliance Corporation IV consummated its initial public offering of 7,500,000 Class A ordinary shares at…
RACDResearch Alliance Corp IV
Research Alliance Corporation IV consummated its initial public offering of 7,500,000 Class A ordinary shares at $10.00 per share, generating $75,000,000 in gross proceeds. Simultaneously, the company completed a private placement of 275,000 Class A ordinary shares to its sponsor, Research Alliance Holdings IV LLC, for $2,750,000. A total of $75,000,000 in net proceeds was deposited into a trust account for the benefit of public shareholders. Research Alliance Corporation IV is a blank check company formed for the purpose of effecting a business combination.