M&A
confidence high
sentiment neutral
materiality 0.75
RACC to acquire OHB Pediatrics in $160M SPAC merger; $55M PIPE and $45M SAFE financing
Research Alliance Corp III
- Base equity value of $160M; total consideration includes $45M in SAFE notes from RA Capital.
- PIPE financing of $55M at $10/share; backstop agreement for up to $75M to cover redemptions.
- OHB Pediatrics shareholders to receive RACC common stock; lock-up of 6 months for insiders.
- Transaction expected to close in H2 2026, subject to shareholder vote, HSR clearance, and Nasdaq listing.
- RACC to domesticate to Delaware; board to be reconstituted post-closing.