Republic Digital Acquisition Closes $300 Million IPO

MT Newswires Live

05/03

Republic Digital Acquisition (RDAGU) said Friday that it closed its initial public offering of 30 million units, including the exercise of an over-allotment option, at $10.00 per unit.

The units began trading Thursday on Nasdaq.

Each unit consists of one class A share and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one class A share at $11.50 per share, the firm said.

The blank check company said it would focus on a target in fintech, software and cryptocurrency industries.

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