Republic Digital Acquisition closes $300M IPO and $7.28M private placement

Republic Digital Acquisition Co

IPO of 30M units at $10 each (incl. 3.6M over-allotment); gross $300M.
Private placement of 7.28M warrants at $1 each to sponsor and Cantor; gross $7.28M.
Trust account holds $300M; 24 months to complete a business combination.
Net proceeds after costs: trust includes $300M; transaction costs $18.6M.
Sponsor holds 7.5M founder shares; accumulated deficit $11.4M from IPO costs.

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