Research Alliance Corp III reported a consolidated net loss of $(65,249) for the period Feb. 19–Mar. 31, 2026, with basic and diluted net loss per ordinary share of $(0.06). The company remains a newly formed blank-check (SPAC) and has not yet generated operating revenues.
Financial Highlights
- Net income: $(65,249) for the period Feb. 19–Mar. 31, 2026 (consolidated net loss).
- Diluted EPS: $(0.06) for the period Feb. 19–Mar. 31, 2026 (basic and diluted net loss per ordinary share).
Business Highlights
- Business model: Newly formed special purpose acquisition company focused on completing an initial business combination using IPO and private placement proceeds.
- Revenue status: No operating revenues to date; anticipated limited activity pre-combination consisting primarily of organizational, IPO-related activities and interest income.
- Operational milestone: IPO closed May 21, 2026, raising gross proceeds and establishing trust account funds to pursue target identification and diligence.
- Use of proceeds & activities: Funds are allocated mainly for target search, due diligence, travel, document review and transaction negotiation ahead of a business combination.
Original SEC Filing:
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