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Republic Digital Acquisition Company Completes $300,000,000 Initial Public Offering
Globenewswireยท2025-05-02 20:00

Group 1 - The Company, Republic Digital Acquisition Company, closed its initial public offering (IPO) of 30,000,000 units, including 3,600,000 units from the underwriters' over-allotment option, resulting in gross proceeds of $300,000,000 priced at $10.00 per unit [1][3] - The units began trading on May 1, 2025, on Nasdaq under the ticker symbol "RDAGU," with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant, which can be exercised at $11.50 per share [2][4] - The Company is a blank check company formed to pursue mergers or acquisitions, focusing on opportunities in fintech, software, and cryptocurrency industries [4][5] Group 2 - The management team includes Joseph Naggar as CEO, Ian Goodman as CFO, Jonathan Knipper as COO, and Darren Sandler as General Counsel, with additional board members [5] - Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering [5] - A registration statement for the securities was declared effective by the SEC on April 30, 2025 [6]