#United States #Class Action #Wilmington #Grant Eisenhofer #RAAC Class A

Overview of the Class Action Lawsuit Regarding RAAC Class A Common Stock

A class action lawsuit has been initiated on behalf of individuals holding RAAC Class A common stock as of July 16, 2021. Initiated by plaintiff Tomas Enrique Gomez against various defendants, including RAAC Management LLC and Acceleration Capital Management LLC, this legal proceeding has now moved forward with significant developments that all eligible shareholders need to be aware of.

Important Court Notice and Settlement Proposal

On November 3, 2025, the Delaware Court of Chancery issued a notice regarding the pendency of the class action lawsuit. This notice informs all record and beneficial holders of RAAC Class A common stock, who chose not to redeem their shares by the specified redemption deadline, about their rights and options moving forward. Notably, the court has preliminarily certified the lawsuit as a class action, creating an opportunity for a direct financial settlement for involved parties.

The proposed settlement involves a cash payout totaling $7.5 million. If approved in a forthcoming court hearing, this settlement aims to resolve all claims related to the action comprehensively. Shareholders are encouraged to partake in the claims process to maximize their potential recovery.

Key Details of the Settlement Process

To become eligible for participating in the settlement distribution, affected shareholders must complete and submit the appropriate Proof of Claim and Release Form. This form is available on the settlement website, www.RAACStockholderSettlement.com, and submissions must be completed by February 21, 2026. For those who do not submit their claims timely or correctly, the recovery will be limited to a mere $0.10 per eligible share.

Important Hearing Dates

A crucial aspect of this procedure is the Settlement Hearing scheduled for December 11, 2025, at 11:00 a.m. This hearing will be presided over by The Honorable Paul A. Fioravanti, Vice Chancellor. Shareholders may attend this meeting in-person or remotely, depending on preferences outlined by the Court. This hearing aims to finalize several key items, including:

1. Certification of the class for settlement purposes.
2. Evaluation of legal representation adequacy for the class.
3. Assessment of settlement fairness and its alignment with class member interests.
4. Discussion on the approval and allocation of the proposed settlement fund.
5. Addressing any objections or concerns raised regarding the settlement proposal.

Updates on any changes regarding the Hearing will be posted on the mentioned website, ensuring that all class members stay informed.

Eligibility and Participation

Shareholders identified in the class action are encouraged to remain actively engaged throughout the legal proceedings. Notifications regarding the action and details on how to be part of the settlement process are crucial for stakeholding parties. Any shareholder who has not yet received formal notice may reach out to the Settlement Administrator at the address:

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RAAC Stockholder Litigation
c/o A.B. Data, Ltd.
P.O. Box 173123
Milwaukee, WI 53217
Telephone: 1-877-580-7812
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It is imperative for all eligible class members to be proactive in obtaining all necessary documentation and submissions to benefit effectively from the settlement.

Conclusion

The class action for RAAC Class A common stockholders presents a significant opportunity for recovery from the proposed $7.5 million settlement. Engaged participation, timely submissions, and attendance at the settlement hearing will be critical to ensuring that shareholders' rights and interests are safeguarded. Keep the important dates in mind and follow through on the necessary actions to secure your position in this significant legal proceeding.