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Real Asset Acquisition Corp. (NASDAQ: RAAQU) announced that holders of units from its initial public offering can begin separately trading Class A ordinary shares and warrants around June 2, 2025. The IPO, completed on April 30, 2025, consisted of 17,250,000 units, including 2,250,000 units from the underwriters' fully exercised overallotment option.
The Class A ordinary shares and warrants will trade on The Nasdaq Global Market under the symbols "RAAQ" and "RAAQW" respectively, while unseparated units will continue trading as "RAAQU". Only whole warrants will trade, with no fractional warrants being issued. Unit holders must contact Efficiency, the transfer agent, to separate their units.
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.
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