RXR Acquisition Corp. has closed its initial public offering in which it raised gross proceeds of $300 million.

The company sold 30 million units at $10.00 per unit in the IPO. The company’s units began trading on the Nasdaq Capital Market under the ticker symbol “RXRA.U” on March 4. Each unit consists of one share of the company’s Class A common stock and one-fifth of one redeemable warrant of the Company. Each whole warrant is exercisable to purchase one share of the company’s Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “RXRA” and “RXRA.WS,” respectively.

Goldman Sachs & Co. LLC and BofA Securities Inc. are the joint-book running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to 4,500,000 additional units at the initial public offering price to cover over-allotments, if any.