RRE Ventures Acquisition Corp. closes $250M SPAC IPO and $7M private placement, funds trust

RRE Ventures Acquisition Corp.

Sold 25M units at $10.00 each, gross $250M; each unit = 1 Class A share + 1/3 warrant.
Private placement of 4.51M warrants to sponsor and 2.5M to underwriters, gross $7.01M.
Net $250M deposited in trust ($10.00 per public share); deferred underwriting fee of $10M.
Working capital deficit of $1.03M; $1.97M sponsor share subscription receivable outstanding.
Must complete a business combination within 24 months (by May 1, 2028) or liquidate.

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