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Research Alliance IV prices IPO for $75M, deposits $75M trust; sponsor buys $2.75M private placement

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:Original SEC Filing: Research Alliance Corp IV [ RACD ] - 8-K - Jul. 20, 2026This is an AI-powered summary. It may con…

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:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.