Research Alliance Corporation III

Research Alliance Corporation III(RACC)资讯与事件

$21.400

-0.101 (-0.47%)收盘时

RACC 资讯

RACC 事件

7/31 10:30

Research Alliance Corporation III Trading Halted Due to Volatility Trading Pause

Research Alliance Corporation III trading halted, volatility trading pause

7/27 09:00

OHB Pediatrics and RACC Announce Business Combination Agreement

OHB Pediatrics and Research Alliance Corporation III (RACC) announced that they have entered into a definitive business combination agreement. In connection with consummation of the transaction, which is expected to close by year-end 2026 subject to customary closing conditions, RACC would redomesticate as a Delaware corporation and be renamed Oak Hill Bio and its shares of common stock would be listed on the Nasdaq under the ticker symbol (OAKH). The proposed transaction is expected to provide Oak Hill Bio with approximately $175M in gross proceeds before transaction expenses, including $75M of cash in RACC's trust account that is fully backstopped by RA Capital and a $100M committed private financing. Of the $100M private financing, $45M was funded by RA Capital at signing pursuant to a SAFE investment in Oak Hill Bio, with the remaining amount expected to be funded at closing through an oversubscribed PIPE in RACC at $10.00 per share. Oak Hill Bio and RACC's respective boards have unanimously approved the proposed transaction. Oak Hill Bio's management team will lead the combined company post-combination, with Oak Hill Bio CEO Josh Distler serving as CEO of the combined company. Current RACC director and former Avidity Biosciences CFO Mike MacLean to remain on the board of the combined company post-closing. The business combination is expected to close by year-end 2026, subject to customary closing conditions, including approval by shareholders and regulatory bodies.

6/30 15:00

Research Alliance Corporation III Trading Halted Due to Volatility Pause

Research Alliance Corporation III trading halted, volatility trading pause

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