Research Alliance Corporation III (RACC)

Research Alliance Corporation III is a special purpose acquisition company, or blank-check company, whose Class A ordinary shares trade on the Nasdaq Stock Market under the ticker RACC. It belongs to a series of Research Alliance blank-check vehicles associated with RA Capital Management, a Boston-based investor in life sciences.

The company was formed to raise capital through an initial public offering and then combine with an operating business, with an expected focus on biotechnology and other life sciences companies. It has no operations of its own; offering proceeds are held in a trust account until a business combination is completed or shares are redeemed.