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AI brief of an SEC Form 8-K · Research Alliance Corp III (RACC)

Research Alliance III closes $75 million IPO of 7.5 million Class A shares

Neutral Impact 3 of 5 financing Written later

Research Alliance Corporation III, a blank check company, completed its initial public offering of 7,500,000 Class A ordinary shares at $10.00 per share on May 21, 2026, for gross proceeds of $75,000,000 before underwriting discounts and offering expenses. The full $75,000,000 of net proceeds from the IPO and private placement, including a $2,250,000 deferred underwriter commission, was deposited in a trust account for public shareholders, and the company's letter agreements contemplate liquidation if a business combination is not completed within 24 months of the IPO closing.

Key points

  • IPO of 7,500,000 Class A ordinary shares at $10.00 per share, with gross proceeds of $75,000,000, consummated May 21, 2026
  • $75,000,000 deposited in trust account with Continental Stock Transfer & Trust Company as trustee, including a $2,250,000 deferred underwriter commission
  • Sponsor bought 275,000 private placement shares at $10.00 per share for $2,750,000, with transfer restrictions until 30 days after an initial business combination
  • Michael F. MacLean and Timothy J. Miller joined the board on May 19, 2026; MacLean chairs the Audit Committee and Miller chairs the Nominating and Compensation committees

The filing

CompanyResearch Alliance Corp III (RACC)
Form8-K, current report
Filed with the SECMay 21, 2026, 4:01 PM ET
Accession number0001193125-26-234382

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.