Revolution Acceleration Acquisition Corp. (OTCMKTS: RAACU) is a special purpose acquisition company (SPAC) incorporated in Delaware in mid-2021. As a blank check company, RAACU was formed to raise capital through an initial public offering of units and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Each public unit of RAACU typically consists of one share of Class A common stock and a fraction of a warrant, with the warrants exercisable for Class A common shares upon the closing of a qualifying business combination.
RAACU is sponsored by Revolution, a Washington, D.C.–based private investment firm founded in 2005 by Steve Case and Donn Davis. Revolution has a track record of investing in growth-stage companies across technology, healthcare, and consumer sectors, aiming to support management teams with both capital and operational expertise. Through RAACU, the sponsor seeks to leverage its deal-sourcing capabilities and industry relationships to identify attractive targets primarily in areas such as digital infrastructure, digital commerce, fintech and other high-growth technology-enabled businesses.
While RAACU has not yet announced a definitive business combination, its management team brings experience in SPAC transactions, capital markets and strategic advisory. The company’s stated objective is to complete a business combination within the prescribed timeframe set out in its governing documents, with the option to extend this period subject to shareholder approval. Upon successful closing of a deal, RAACU aims to provide public investors with an ownership stake in a newly combined entity positioned to pursue long-term growth opportunities.
RAACU’s operations are conducted from its headquarters in Washington, D.C., and the company is reviewing potential targets both domestically and internationally. Its global focus reflects Revolution’s broader investment approach, seeking to align with management teams and businesses that have innovative solutions, established market traction, and scalable business models in dynamic industries.
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