RAI Acquisition is proposing to offer to sell 25 million units, consisting of one share of common stock and one warrant to purchase one share of common stock per unit, at an offering price of $10 per unit.
The net proceeds of the offering will be held in trust pending the completion of an acquisition. The timing of the offering is subject to market conditions, regulatory approvals and certain other conditions. JP Morgan Securities will act as the underwriter for the offer.
