Research Alliance Q2 net income rises to $54,050; swings to $11,199 net loss from inception through June 30, 2026
Reuters2026/08/12 20:26- Research Alliance Corporation III posted net income of USD 54,050 for the three months ended June 30, 2026.
- Interest income totaled USD 238,468, while the company had no revenue and expects operating revenue only after a business combination.
- Cash was USD 832,812, working capital was USD 905,874, and trust assets stood at USD 75.24 million as of June 30, 2026.
- It entered a business combination agreement on July 26, 2026 to acquire OHBP, targeting a second-half 2026 closing.
- The deal includes USD 55 million PIPE financing, up to USD 75 million redemption backstop, and USD 45 million of interim financing via OHBP SAFEs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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