Republic Digital Acquisition, a blank check company targeting fintech, software, and cryptocurrency, raised $264 million by offering 26.4 million units at $10. The company offered 4.4 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Republic Digital Acquisition is led by CEO, CIO, and Director Joseph Naggar, who currently serves as the CEO and CIO of Republic Digital, a digital asset investment firm specializing in liquid trading strategies across cryptocurrencies and other digital assets. The SPAC plans to target the fintech, software, and cryptocurrency industries, focusing on businesses with above-industry-average growth, substantial free cash flow generation, and a defensible market position.
Republic Digital Acquisition plans to list on the Nasdaq under the symbol RDAGU. Cantor Fitzgerald acted as sole bookrunner on the deal.
