RRE Ventures Acquisition completed a 25,000,000‑unit IPO raising $250 million and placed $250,000,000 in a trust account.
Key Highlights:
- Sold 25,000,000 units at $10.00 each, generating $250,000,000 gross proceeds for the offering.
- Issued Public Warrants (1/3 per unit) and sold 7,010,000 Private Placement Warrants for $7,010,000 total.
- Net proceeds of $250,000,000 (including $10,000,000 deferred underwriting fees) placed in a trust account.
- Audited May 1, 2026 balance sheet shows $250,086,542 total assets and $250,000,000 Class A shares subject to redemption.
- Company is a blank‑check SPAC with 24‑month combination period and broad discretion to use trust funds for a business combination.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.