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Highlights

  • Republic Digital Acquisition Company priced its IPO at $10.00 per unit, raising $300 million
  • Units began trading on Nasdaq under the ticker symbol “RDAGU” on May 1, 2025
  • Company targets fintech, software, and cryptocurrency sectors for potential business combinations

Republic Digital Acquisition Company, a blank check company, announced the closing of its initial public offering (IPO) of 30,000,000 units, including 3,600,000 units issued from the underwriters’ over-allotment option. The IPO was priced at $10.00 per unit, resulting in total gross proceeds of $300 million.

The Company’s units began trading on the Nasdaq Global Stock Market LLC on May 1, 2025, under the ticker symbol “RDAGU.” Each unit comprises one Class A ordinary share and one-half of one redeemable warrant. A whole warrant allows the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, with fractional warrants not being issued or traded separately.

Following the IPO, $300 million of the proceeds were placed into a trust account. This includes capital raised through both the public offering and a concurrent private placement of warrants. The funds will remain in trust until the Company completes a merger or similar business combination.

Republic Digital Acquisition Company was formed for the purpose of effecting mergers or acquisitions. While it may pursue opportunities across a wide range of industries, it is expected to prioritize targets in the fintech, software, and cryptocurrency sectors.

The Company is led by Chief Executive Officer Joseph Naggar, who also serves as Chief Investment Officer and Director. Other key executives include Ian Goodman (CFO), Jonathan Knipper (COO), and Darren Sandler (General Counsel). The board comprises Andrew Durgee, Barry Finkelstein, Laya Khadjavi, and Robert Matza.

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering.

The Class A ordinary shares and warrants are expected to trade separately under the symbols “RDAG” and “RDAGW,” respectively, following the initial unit separation.