Mount Rainier Acquisition Corp.
RNERW
NASDAQ Global Market0.28
USD
+0.00
- -
CIK
0001854461
CUSIP
623006111
Return %
Stock
S&P500
1Y
- -
26.53
3Y
6.87
76.60
5Y
6.87
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Matthew Kearney
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 256 West 38th Street New York City NY United States of America 10018
- IPO Date
- Jan 3, 2022
- CIK
- 0001854461
- Similar Companies
- Business
- Mount Rainier Acquisition Corp. Mount Rainier Acquisition Corp. (NASDAQ: RNER; RNERW) is a blank check company, or special purpose acquisition company (SPAC), whose sole business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar initial business combination with one or more businesses or entities. The company targets established, technology-focused businesses with enterprise values between $500 million and $2.0 billion that possess global reach and stand to benefit from public market access along with the operational and strategic expertise of its management team and board of directors; it operates without limitation to a specific industry or geographic region. Mount Rainier Acquisition Corp. offers no independent products or services beyond facilitating such business combinations, drawing on sponsor DC Rainier SPV LLC—a Delaware limited liability company managed by Dominion Capital LLC—to pursue shareholder returns through targeted acquisitions. Incorporated in 2021 as a Delaware corporation and headquartered in New York, New York, the company went public in October 2021 via an upsized initial public offering of 17.25 million units at $10.00 each, including a full underwriters' over-allotment option, raising $172.5 million; units later separated into common shares (NASDAQ: RNER) and redeemable warrants (NASDAQ: RNERW), with each warrant entitling holders to purchase three-fourths of one Class A common share at $11.50. In its most significant development, Mount Rainier Acquisition Corp. completed a reverse merger business combination with HUB Cyber Security (Israel) Ltd.—a developer of confidential computing cybersecurity solutions including D.Storm DDoS simulation, healthcare AI security, and quantum-secured cloud workspaces—on February 28, 2023, following stockholder approval on January 4, 2023; the transaction, valued at a pro forma enterprise value of approximately $1.28 billion, resulted in the combined entity operating as HUB Cyber Security Ltd. (NASDAQ: HUBC; HUBCW; HUBCZ) after delisting from the Tel Aviv Stock Exchange, with PIPE investments of about $50 million from institutional backers to support growth and acquisitions. As of late 2025, no further business combinations or major operational changes are reported, with RNERW warrants continuing to trade amid ongoing post-merger market dynamics.