Research Alliance III completes $75M IPO and $2.75M private placement on May 21, 2026

Research Alliance Corp III

Sold 7.5M Class A shares at $10.00 each for $75M gross proceeds; $75M deposited into trust.
Sponsor purchased 275K private placement shares at $10.00 each, raising $2.75M.
Audited balance sheet shows $76.3M total assets, $2.3M liabilities, and $(1.09M) shareholders' deficit.
SPAC must complete a business combination within 24 months from the IPO closing.
Working capital of $1.16M; no operating revenues until combination.

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