Republic Digital Acquisition Prices $264M IPO on Nasdaq
Deal News | Apr 30, 2025 | EIN
Republic Digital Acquisition Company announced the pricing of its upsized initial public offering, valued at $264 million. The IPO consists of 26.4 million units priced at $10 each, including one Class A ordinary share and half of a redeemable warrant, allowing the purchase of an additional ordinary share for $11.50. The units will trade under the symbol RDAGU on the Nasdaq, with shares and warrants to trade separately under RDAG and RDAGW in the future. The IPO is set to close on May 2, 2025. As a blank check company, Republic Digital Acquisition seeks mergers and acquisitions in fintech, software, and cryptocurrency. The management team is led by CEO Joseph Naggar and CFO Ian Goodman. Cantor Fitzgerald & Co. serves as the offering's sole book-running manager.
Sectors
- Finance
- Technology
Geography
- United States – The company is based in New York, and the IPO will take place on Nasdaq, which is a U.S. stock exchange.
Industry
- Finance – The article involves a Special Purpose Acquisition Company (SPAC), which is part of the broader financial services industry.
- Technology – The target focus for potential acquisitions includes fintech, software, and cryptocurrency industries.
Financials
- $264,000,000 – Total size of the initial public offering.
- $10.00 per unit – Price of each unit in the IPO.
- $11.50 per share – Exercise price of the whole warrants.
- 3,960,000 additional units – Option granted to underwriters to purchase additional units at IPO price to cover over-allotments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Republic Digital Acquisition Company | Target Company | Company | A SPAC formed for the purpose of effecting business combinations, primarily in fintech, software, and cryptocurrency. |
| Cantor Fitzgerald & Co. | Book-running Manager | Company | The sole book-running manager for the offering. |
| Joseph Naggar | Chief Executive Officer | Person | CEO, CIO, and Director of Republic Digital Acquisition Company. |
| Ian Goodman | Chief Financial Officer | Person | CFO of Republic Digital Acquisition Company. |