Research Alliance Corp. II, Sponsored by RA Capital Management, L.P., Announces Closing of $149.5 Million Initial Public Offe...
23 March 2021 - 5:30AM
Business Wire
Research Alliance Corp. II (Nasdaq:RACB) (the “Company”)
announced today that on March 22, 2021 it closed its initial public
offering of 14,950,000 shares of Class A common stock, including
1,950,000 shares issued pursuant to the exercise by the
underwriters of their over-allotment option. The offering was
priced at $10.00 per share, resulting in gross proceeds of
$149,500,000.
The Company, sponsored by RA Capital Management, L.P., is led by
Chairman and CEO Peter Kolchinsky PhD, CIO Matthew Hammond, PhD and
CFO Tess Cameron. The Company is a blank check company formed for
the purpose of effecting a business combination with one or more
businesses in the healthcare industry. The proceeds of the offering
will be used to fund such business combination.
The Company’s shares of Class A common stock began trading on
The Nasdaq Capital Market under the ticker symbol “RACB” on March
18, 2021.
Jefferies LLC served as sole book runner for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from: Jefferies LLC, Attn: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, by telephone: 877-821-7388 or by email:
Prospectus_Department@Jefferies.com.
Registration statements relating to these securities became
effective on March 17, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and prospectus for the
offering filed with the Securities and Exchange Commission (“SEC”).
Copies are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210322005722/en/
RA Capital Management, L.P. Tess Cameron 617-778-2540
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