Rainier Acquisition Corporation announced on September 11, 2026, that the holders of its initial public offering units will be permitted to separately trade the Class A ordinary shares and warrants included in those units. Commencing September 14, 2026, investors may elect to separate the securities, with the individual shares and warrants beginning to trade on the Nasdaq Capital Market on September 15, 2026.
The units sold in the initial public offering consist of one Class A ordinary share and one-quarter of a redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share for $11.50 per share. The company noted that no fractional warrants will be issued upon separation and that only whole warrants will trade.
The Class A ordinary shares will trade under the symbol "RNAQ," and the warrants will trade under the symbol "RNAQW." Units that are not separated will continue to trade under the symbol "RNAQU." Holders of units wishing to separate their securities must instruct their brokers to contact Continental Stock Transfer & Trust Company, the company’s transfer agent.
The units began trading on Nasdaq on August 27, 2026. The initial public offering, which included the full exercise of the underwriter’s over-allotment option, totaled 8,625,000 units and generated gross proceeds of $86,250,000. Chardan Capital Markets LLC served as the sole book-running manager for the offering.
