Recent Updates — RNAQW

Rainier Acquisition Corporation completed its initial public offering on August 28, 2026, selling 7,500,000 units at $10.00 per unit for gross proceeds of $75,000,000. Simultaneously, the company sold 194,375 private placement units to sponsor Ravenna 7 LLC at $10.00 per unit, generating $1,943,750 in additional capital. On September 2, 2026, underwriters fully exercised their over-allotment option, purchasing an additional 1,125,000 units for $11,250,000 and selling a corresponding 5,625 private placement units to the sponsor. Total gross proceeds from the IPO and over-allotment reached $86,250,000, with $86,250,000 deposited into a U.S.-based trust account. The company operates as a blank check company incorporated in the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination.