| Balance Sheets | 2026-06-30 | 2026-03-31 | ||
|---|---|---|---|---|
| Cash | 832,812 | 280,275 | ||
| Other current assets | - | 2,600 | ||
| Prepaid expenses | 128,649 | - | ||
| Total current assets | 961,461 | 282,875 | ||
| Long-term prepaid expenses | 107,208 | - | ||
| Deferred offering costs | - | 450,042 | ||
| Marketable securities held in trust account | 75,238,468 | - | ||
| Total assets | 76,307,137 | 732,917 | ||
| Accrued offering costs | - | 422,417 | ||
| Accrued offering costs related party | - | 10,500 | ||
| Accounts payable | 15,353 | - | ||
| Accrued expenses | 40,234 | 40,249 | ||
| Promissory note sponsor | - | 300,000 | ||
| Total current liabilities | 55,587 | 773,166 | ||
| Deferred underwriting fee payable | 2,250,000 | - | ||
| Total liabilities | 2,305,587 | - | ||
| Classa ordinary shares subject to possible redemption, 7,500,000 shares at a redemption value of 10.00 per share | 75,238,468 | - | ||
| Common stock, value, issued-Common Class A | 28 | 0 | ||
| Common stock, value, issued-Common Class B | 132 | 132 | ||
| Additional paid-in-capital | 0 | 24,868 | ||
| Accumulated deficit | -1,237,078 | -65,249 | ||
| Total shareholders' deficit | -1,236,918 | -40,249 | ||
| Total liabilities, class a ordinary shares subjet to possible redemptionand shareholders' deficit | 76,307,137 | 732,917 | ||
Research Alliance Corp III (RACC)
Research Alliance Corp III (RACC)