RA Capital's $7M Bet Frames ACRV's Print

The most striking signal heading into [ACRV](/s/us/acrv)'s May 15 results is not in the lending market or the options chain — it is in the ownership table.

RA Capital Management bought 3.9 million shares on April 22 at $1.80, adding $7 million in a single transaction that lifted its stake to nearly 29% of the company. That is not a passive index rebalance. RA Capital is a specialist…