Research Alliance Corp. II announced a private placement of 460,000 shares of class A common stock at a price of $10 per share for gross proceeds of $4,600,000 on March 2, 2021. The transaction will include participation from returning investor Research Alliance Holdings II LLC. The transaction is expected to close upon consummation of the initial public offering. All securities issued will be subject to transfer restrictions. The company granted an over-allotment option to the investor for 39,000 shares.