RA Capital-Backed SPAC Moves to Liquidate Before Year-End

Research Alliance Corp. II is seeking shareholder approval to join a flurry of SPACs to shut down early and return money to investors before the end of the year.

• The blank-check firm is backed by RA Capital and counts Peter Kolchinsky, managing partner at RA Capital Management, as its CEO and chairman
  • The accelerated liquidation will come sometime this year, according to the filing, in place of an original March 22, 2023 deadline
  • NOTE: Some SPACs have been seeking to shutter and return the cash they raised to investors before the end of the year in an attempt to ...