Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On April 30, 2025, the registration statement on Form S-1 (File No.
333-285386) relating to the initial public offering (the “IPO”) of Republic Digital Acquisition Company (the “Company”)
was declared effective by the U.S. Securities and Exchange Commission (the “Commission”), and the Company subsequently
filed, on April 30, 2025, a registration statement on Form S-1 (File No. 333-286882) pursuant to Rule 462(b) under the Securities
Act of 1933, as amended (the “Securities Act”), which was effective immediately upon filing (collectively, the “Registration
Statement”).
On May 1, 2025, the Company
consummated its IPO of 30,000,000 units (the “Units”), including 3,600,000 Units issued pursuant to the partial exercise
by the underwriters of their over-allotment option. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the
Company of $300,000,000. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class
A Ordinary Shares”), and one-half of one redeemable warrant of the Company (each, a “Warrant”), with each
whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share.
In connection with the IPO, the Company entered into the following
agreements, forms of which were previously filed as exhibits to the Company’s Registration Statement:
An Underwriting Agreement, dated April 30, 2025, by and between the
Company and Cantor Fitzgerald & Co., as representative of the several underwriters (the “Representative”), a copy
of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.
A
Warrant Agreement, dated April 30, 2025, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent,
a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
An
Investment Management Trust Agreement, dated April 30, 2025, by and between the Company and Continental Stock Transfer & Trust Company,
as trustee, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.
A
Registration Rights Agreement, dated April 30, 2025, by and among the Company and certain security holders, a copy of which is attached
as Exhibit 10.2 hereto and incorporated herein by reference.
A
Private Placement Warrants Purchase Agreement, dated April 30, 2025 (the “Sponsor Private Placement Warrants Purchase Agreement”),
by and between the Company and Republic Sponsor 1 LLC, a Delaware limited liability company (the “Sponsor”), a copy
of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.
A
Private Placement Warrants Purchase Agreement, dated April 30, 2025 (the “Cantor Private Placement Warrants Purchase Agreement”),
by and between the Company and Cantor Fitzgerald & Co., a copy of which is attached as Exhibit 10.4 hereto and incorporated herein
by reference.
A Letter Agreement, dated
April 30, 2025 (the “Letter Agreement”), by and among the Company, its officers, its directors and the Sponsor, a copy of which is attached as Exhibit 10.5
hereto and incorporated herein by reference.
Indemnity
Agreements, dated April 30, 2025, by and among the Company and each Director, executive officer and advisor of the Company, a form of
which is attached as Exhibit 10.6 hereto and incorporated herein by reference.
The material terms of such agreements are fully described in the Company’s
final prospectus, dated April 30, 2025, as filed with the Commission on May 1, 2025 (the “Prospectus”) and are incorporated
herein by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02. Unregistered Sales of Equity Securities.
Simultaneously with the closing of the IPO, pursuant to the Sponsor
Private Placement Warrants Purchase Agreement and the Cantor Private Placement Warrants Purchase Agreement, the Company completed the
private sale of an aggregate of 7,280,000 warrants (the “Private Placement Warrants”) to the Sponsor and the Representative,
with each Private Placement Warrant exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per Private
Placement Warrant, or $7,280,000 in the aggregate. Of the 7,280,000 Private Placement Warrants, the Sponsor purchased 4,640,000 Private
Placement Warrants and the Representative purchased 2,640,000 Private Placement Warrants. The Private Placement Warrants (and underlying
securities) are identical to the warrants included in the Units sold in the IPO, except as otherwise disclosed in the Registration Statement.
No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made
pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 1, 2025, in connection with the IPO, Laya Khadjavi, Barry Finkelstein
and Robert Matza (collectively with Joseph Naggar and Andrew Durgee, the “Directors”) were appointed to the board of
directors of the Company (the “Board”). Ms. Khadjavi and Messrs. Matza and Finkelstein are independent directors. Effective
May 1, 2025, each of Ms. Khadjavi, Mr. Finkelstein and Mr. Matza was appointed to the Board’s Audit Committee, with Ms. Khadjavi
serving as chair of the Audit Committee. Each of Ms. Khadjavi, Mr. Finkelstein and Mr. Matza was appointed to the Board’s Compensation
Committee, with Mr. Finkelstein serving as chair of the Compensation Committee.
Following the appointment of the Directors, the Board is comprised
of three classes. The term of office of the first class of directors, Class I, consisting of Ms. Khadjavi and Mr. Matza, will expire at
the Company’s first annual meeting of shareholders. The term of office of the second class of directors, Class II, consisting of
Mr. Finkelstein, will expire at the Company’s second annual meeting of shareholders. The term of office of the third class of directors,
Class III, consisting of Mr. Naggar and Mr. Durgee, will expire at the Company’s third annual meeting of shareholders.
On April 30, 2025, in connection with their appointments to the Board,
each of the members of the Board entered into the Letter Agreement as well as an indemnity agreement with the Company in the form previously
filed as Exhibit 10.6 to the Registration Statement. Other than the foregoing, none of the directors are party to any arrangement or understanding
with any person pursuant to which they were appointed as directors, nor are they party to any transactions required to be disclosed under
Item 404(a) of Regulation S-K involving the Company.
The foregoing descriptions of the Letter Agreement and the form of
indemnity agreement do not purport to be complete and are qualified in their entireties by reference to the Letter Agreement and the form
of indemnity agreement, copies of which are attached as Exhibit 10.5 and 10.6 hereto, respectively, and are incorporated herein by reference.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03. Amendments to Certificate of Incorporation or Bylaws;
Change in Fiscal Year.
On May 1, 2025, in connection with the IPO, the Company filed its amended
and restated memorandum and articles of association (the “Amended and Restated Memorandum and Articles of Association”)
with the Cayman Islands Registrar of Companies, which was effective on April 30, 2025. The terms of the Amended and Restated Memorandum
and Articles of Association are set forth in the Registration Statement and are incorporated herein by reference. The description of the
Amended and Restated Memorandum and Articles of Association does not purport to be complete and is qualified in its entirety by reference
to the Amended and Restated Memorandum and Articles of Association, a copy of which is attached as Exhibit 3.1 hereto and incorporated
herein by reference.
Item 8.01. Other Events.
A total of $300,000,000 of the proceeds from the IPO (which amount
includes $12,000,000 of the underwriters’ deferred discount) and the sale of the Private Placement Warrants, was placed in a U.S.-based
trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned
on the funds in the trust account that may be released to the Company to pay its taxes and for winding up and dissolution expenses, the
funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s
initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business
combination within 24 months from the closing of the IPO (or by such earlier liquidation date as the Company’s board of directors
may approve), subject to applicable law, and (iii) the redemption of the Company’s public shares properly submitted in connection
with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance
or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial business combination
within 24 months from the closing of the IPO or with respect to any other material provisions relating to shareholders’ rights or
pre-initial business combination activity.
On April 30, 2025, the Company
issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On May 2, 2025, the Company
issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
A total of $300,000,000 of the proceeds from the IPO (which amount
includes $12,000,000 of the underwriters’ deferred discount) and the sale of the Private Placement Warrants, was placed in a U.S.-based
trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned
on the funds in the trust account that may be released to the Company to pay its taxes and for winding up and dissolution expenses, the
funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s
initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business
combination within 24 months from the closing of the IPO (or by such earlier liquidation date as the Company’s board of directors
may approve), subject to applicable law, and (iii) the redemption of the Company’s public shares properly submitted in connection
with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance
or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial business combination
within 24 months from the closing of the IPO or with respect to any other material provisions relating to shareholders’ rights or
pre-initial business combination activity.
On April 30, 2025, the Company
issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On May 2, 2025, the Company
issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.