RRE Ventures Acquisition Corp. has set the price for its initial public offering at $10.00 per unit, issuing 25 million units in a transaction that will raise $250 million in gross proceeds.
The units are expected to commence trading on the Nasdaq Global Market under the symbol "RREVU" on April 30, 2026. Each offered unit is composed of one Class A ordinary share plus one-third of a redeemable warrant. Every whole warrant will permit the holder to acquire one Class A ordinary share at a price of $11.50 per share. When the separate trading of the shares and warrants begins, the Class A ordinary shares are expected to trade under the ticker "RREV" and the warrants under "RREVW."
The underwritten offering is scheduled to close on May 1, 2026, subject to customary closing conditions. Cohen and Company Capital Markets, a division of Cohen & Company Securities, LLC, is serving as representative of the underwriters for the offering. In addition, the company has granted the underwriters a 45-day option to buy up to an extra 3.75 million units to cover any over-allotments.
RRE Ventures Acquisition Corp. is organized as a special purpose acquisition company incorporated in the Cayman Islands. The firm was created to seek a business combination with one or more companies. The company has outlined an intended focus on a broad set of sectors that includes technology, defense and space, robotics, quantum computing, professional sports, artificial intelligence, energy, power and other transformative industries.
The U.S. Securities and Exchange Commission declared the registration statement for the securities effective on April 29, 2026, according to the company. The effectiveness of the registration statement preceded the planned start of trading and the anticipated closing date noted above.
Contextual note - The structure of the offering, which pairs Class A shares with fractional warrants and includes an underwriter over-allotment option, follows a standard SPAC issuance format designed to provide initial capital while preserving flexibility for market demand and underwriting activities.