Welcome to our dedicated page for REAL ASSET ACQUISITION news (Ticker: RAAQU), a resource for investors and traders seeking the latest updates and insights on REAL ASSET ACQUISITION stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect REAL ASSET ACQUISITION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of REAL ASSET ACQUISITION's position in the market.
Real Asset Acquisition Corp has successfully completed its IPO, raising $172.5 million by offering 17.25 million units at $10.00 each on Nasdaq. Each unit includes one Class A ordinary share and half a redeemable warrant, with whole warrants exercisable at $11.50 per share.
The company trades under "RAAQU" and will later split into "RAAQ" for shares and "RAAQW" for warrants. A concurrent private placement of 5.45 million warrants at $1.00 each generated additional proceeds of $5.45 million.
As a blank check company, Real Asset Acquisition aims to pursue business combinations in quantum computing, metals/mining, rare earth, and infrastructure sectors. Cohen & Company Capital Markets led the offering, with Clear Street as joint book-runner. $172.5 million has been placed in trust, representing $10.00 per public unit.
Real Asset Acquisition Corp has announced the pricing of its $150 million IPO, offering 15,000,000 units at $10.00 per unit. The units will trade on Nasdaq under symbol RAAQU starting April 29, 2025.
Each unit includes one Class A ordinary share and half of one redeemable warrant. Whole warrants can purchase one Class A share at $11.50. Once split, shares and warrants will trade as "RAAQ" and "RAAQW" respectively.
As a blank check company, Real Asset aims to pursue business combinations in:
- Quantum computing
- Metals/mining
- Rare earth
- Infrastructure sectors
Cohen & Company Capital Markets leads the offering, with Clear Street as joint book-runner. Underwriters have a 45-day option to purchase up to 2,250,000 additional units for over-allotments.
FAQ
What is the current stock price of REAL ASSET ACQUISITION (RAAQU)?
