Research Alliance Corp III 8-K

What Happened

• Research Alliance Corporation III announced on May 21, 2026 that it consummated its initial public offering (IPO) of 7,500,000 Class A ordinary shares at $10.00 per share, generating gross proceeds of $75,000,000.
• Simultaneously the company completed a private placement of 275,000 Class A ordinary shares to its sponsor, Research Alliance Holdings III LLC, at $10.00 per share, for additional gross proceeds of $2,750,000.
• As of May 21, 2026, the company reported that $75,000,000 of the net proceeds from the IPO and the private placement (including the underwriter’s deferred commission of $2,250,000) were deposited in a trust account for the benefit of the company’s public shareholders.

Key Details

• IPO: 7,500,000 Public Shares at $10.00 each — gross proceeds $75,000,000.
• Private Placement: 275,000 shares to sponsor at $10.00 each — gross proceeds $2,750,000.
• Trust deposit: $75,000,000 held in a trust for public shareholders (trustee: Continental Stock Transfer & Trust Company).
• Filing includes an audited balance sheet as of May 21, 2026 reflecting receipt of proceeds (Exhibit 99.1).

Why It Matters

• The filing confirms the company has completed its capital raise and has cash secured in a trust for the benefit of public shareholders, a key step for a blank-check or formation-stage company preparing for future transactions.
• Investors can view this as confirmation that the offering closed, the sponsor participated in the private placement, and formal financial records (audited balance sheet) documenting the proceeds are available in the 8-K.