Research Alliance Q2 net income rises to $54,050; swings to $11,199 net loss from inception through June 30, 2026 - RACC News | RalliesResearch Alliance Q2 net income rises to $54,050; swings to $11,199 net loss from inception through June 30, 2026
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RACC• Business combination agreement
- It entered a business combination agreement on July 26, 2026 to acquire OHBP, targeting a second-half 2026 closing.
- The deal includes $55 million PIPE financing, up to $75 million redemption backstop, and $45 million of interim financing via OHBP SAFEs.
Quarterly results and balance sheet
- Research Alliance Corporation III posted net income of $54,050 for the three months ended June 30, 2026.
- Interest income totaled $238,468, while the company had no revenue and expects operating revenue only after a business combination.
- Cash was $832,812, working capital was $905,874, and trust assets stood at $75.24 million as of June 30, 2026.
- From inception through June 30, 2026, the company swung to a $11,199 net loss.
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