Jonas Grossman Buys 5,625 Shares of Rainier Acquisition (NASDAQ:RNAQU) Stock

Rainier Acquisition Corp (NASDAQ:RNAQU) Director Jonas Grossman acquired 5,625 shares of Rainier Acquisition stock in a transaction that occurred on Wednesday, September 2nd. The stock was acquired at an average price of $10.00 per share, with a total value of $56,250.00. Following the completion of the purchase, the director directly owned 200,000 shares in the company, valued at $2,000,000. This represents a 2.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Rainier Acquisition Stock Performance

Shares of NASDAQ:RNAQU remained flat at $10.18 during trading on Wednesday. The company’s stock had a trading volume of 8,060 shares, compared to its average volume of 34,940. Rainier Acquisition Corp has a 12-month low of $10.02 and a 12-month high of $10.27.

About Rainier Acquisition

We are a blank check company incorporated on February 2, 2023 as a Cayman Islands exempted company. We are incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We seek to partner with companies that can benefit from our scientific, investing, operating, capital markets, governance, and public-company leadership experience, and we seek to support long-term value creation through our experience, relationships, and access to capital.