Republic Digital Acquisition Co. (RDAGU), a FinTech- and cryptocurrency-focused SPAC based in New York, raised $264 million by upsizing its SPAC IPO at pricing on Wednesday night, April 30, 2025. At pricing, Republic Digital Acquisition increased the size of its SPAC IPO to 26.4 million units – up from 22.0 million units in the prospectus – and priced the deal at $10.00 per unit – the price in the prospectus. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
Republic Digital Acquisition’s stock climbed 15 cents or 1.5 percent to open at $10.15 at 11:08 a.m. EDT today – Thursday, May 1, 2025 – on the NASDAQ on volume of about 2.85 million shares. At around 11:38 a.m. EDT, Republic Digital Acquisition’s stock touched its session high at $10.18. Republic Digital Acquisition’s stock closed at $10.15 – up 15 cents for its first day of NASDAQ trading on May 1, 2025, on volume of 11,201,786 shares.
Cantor was the sole book-runner.
Republic Digital Acquisition Co. will focus its search for a target company on the FinTech (financial technology), software and cryptocurrency industries, the prospectus said.
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