The company completed its IPO and private placement in July 2026, raising gross proceeds of $77.75 million, with net proceeds placed in a trust account invested in cash and U.S. government securities. As of June 30, 2026, the company had not commenced operations and reported a net loss related to formation and offering costs.

• The company completed its Initial Public Offering on July 14, 2026, issuing 7,500,000 Class A ordinary shares at $10.00 per share, generating gross proceeds of $75 million before offering costs [S1].
• Simultaneously, the company completed a private placement of 275,000 Class A ordinary shares, generating gross proceeds of $2.75 million [S1].
• Following the IPO, $75 million of net proceeds were deposited in a trust account invested in cash or U.S. government securities until completion of a business combination or distribution [S1].
• As of June 30, 2026, the company had total assets of $531,692 and current liabilities of $547,705, with a net loss of $41,013 for the period from inception through June 30, 2026 [S1].

The company’s capital structure and trust account provide a financial foundation to pursue a business combination. The management’s discretion over the use of proceeds allows flexibility in selecting and structuring a transaction. The company’s status as an emerging growth company may provide regulatory accommodations.

The company has not identified any business combination target and has no operating revenues or business activities. The low liquidity ratios and net loss reflect early-stage formation costs. There is no assurance that a business combination will be completed successfully, and the company is subject to risks typical of blank check companies and emerging growth entities.

As a newly formed blank check company, Research Alliance Corp IV does not currently have operating assets, products, or services and thus does not possess a competitive moat. Its value proposition depends on successfully identifying and completing a business combination with a target company.

• No Operating History: The company has not commenced operations and has no revenues, making its future business prospects uncertain.
• Business Combination Uncertainty: There is no assurance that the company will identify or complete a business combination, which is the core purpose of the entity.
• Liquidity Constraints: As of June 30, 2026, the company’s current ratio is 0.25 and cash ratio is 0, indicating limited liquidity relative to current liabilities.
• Emerging Growth Company Risks: The company is subject to risks associated with emerging growth companies, including regulatory and market uncertainties.

• Research Alliance Corp IV is a Cayman Islands exempted company formed as a blank check company (SPAC) for the purpose of effecting a business combination such as a merger, share exchange, asset acquisition, or reorganization.
• As of June 30, 2026, the company had not commenced any operations and had not selected any specific business combination target or engaged in substantive discussions regarding a business combination.
• The company completed its Initial Public Offering (IPO) on July 14, 2026, issuing 7,500,000 Class A ordinary shares at $10.00 per share, generating gross proceeds of $75 million before offering costs.
• Simultaneously, the company completed a private placement of 275,000 Class A ordinary shares, generating gross proceeds of $2.75 million.
• Following the IPO, $75 million of net proceeds were deposited in a trust account invested in cash or U.S. government securities until the earlier of completion of a business combination or distribution of the trust account.
• The company’s management has broad discretion over the use of the net proceeds, primarily intended for consummating a business combination.
• As of June 30, 2026, the company’s balance sheet showed total assets of $531,692, including $110,752 in cash and $25,000 in prepaid expenses, and total current liabilities of $547,705, including accounts payable, accrued offering costs, and a $200,000 promissory note from the sponsor.
• The company reported a net loss of $41,013 for the period from April 1, 2026 (inception) through June 30, 2026, with basic and diluted net loss per share of $0.03.
• Liquidity ratios as of June 30, 2026, include a current ratio of 0.25 and a cash ratio of 0, reflecting current assets of $135,752 against current liabilities of $547,705.
• The company is an emerging growth company and is subject to the risks associated with such entities.
• The company’s sponsor is Research Alliance Holdings IV, LLC, a Cayman Islands limited liability company.
• The company’s fiscal year end is December 31.