Republic Digital Acquisition Company Reports Net Loss of $48,534 in First Quarter

Republic Digital Acquisition Company has reported its financial results for the quarter ending March 31, 2025, following its inception on January 23, 2025. The company recorded a net loss of $48,534, primarily attributed to general and administrative expenses. As of the end of the reporting period, the company had no revenue, as it has not yet engaged in any business operations or completed a business combination. The loss per Class B ordinary share was $(0.01), based on a weighted average of 6,600,000 shares outstanding.

In terms of significant developments, Republic Digital Acquisition Company successfully completed its Initial Public Offering (IPO) on May 2, 2025, raising gross proceeds of $300 million from the sale of 30 million units, which included a partial exercise of the underwriters' over-allotment option. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Additionally, the company raised $7.28 million through the sale of 7.28 million Private Placement Warrants to its sponsor and underwriters. The funds from the IPO and private placement are intended to be used primarily for identifying and evaluating potential business combinations.

As of March 31, 2025, Republic Digital Acquisition Company had 30 million Class A ordinary shares and 7.5 million Class B ordinary shares issued and outstanding. The company has established a Trust Account where the net proceeds from the IPO are held, which will be utilized for future business combinations. The company has also incurred transaction costs totaling approximately $18.63 million related to the IPO, which includes underwriting fees and other offering costs.

Looking ahead, Republic Digital Acquisition Company is focused on identifying a suitable target for its business combination within the 24-month completion window that began with the IPO. The management has indicated that while they do not foresee the need for additional funds to meet operational expenditures, they may require further financing to complete a business combination or to address potential redemptions of public shares. The company remains subject to various market risks that could impact its ability to successfully execute its business strategy.

Overall, Republic Digital Acquisition Company is in the early stages of its operations, with a clear focus on leveraging the capital raised through its IPO to pursue strategic acquisitions in the future. The company has not yet selected a specific target for its business combination, and it will continue to monitor market conditions as it moves forward.