Real Asset Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering
Rhea-AI Summary
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.
Positive
- $150 million IPO successfully priced at $10.00 per unit
- Trading to commence on Nasdaq Global Market
- 45-day over-allotment option for additional 2.25M units granted to underwriters
- Diversified target sectors including quantum computing, metals/mining, rare earth and infrastructure
- Established underwriting support from Cohen & Company Capital Markets and Clear Street
Negative
- Blank check company with no current business operations
- No specific acquisition target identified yet
- Investment risk as success depends on future business combination
- Warrant dilution potential when exercised at $11.50 per share
Insights
New $150M SPAC launches with standard structure targeting quantum computing and natural resources sectors; represents typical blank check investment vehicle.
Real Asset Acquisition Corp. has priced its IPO at
The SPAC's target sectors represent an interesting strategic diversification across both future technology (quantum computing) and traditional real assets (metals/mining, rare earths, and infrastructure). This broad mandate offers flexibility in acquisition target selection but suggests less industry specialization than SPACs with narrower focus.
The offering includes a typical 45-day overallotment option for the underwriters to purchase up to 2.25 million additional units, which could potentially increase the total capital raise to
Trading of the units is scheduled to begin on April 29, 2025, under the symbol "RAAQU" on Nasdaq, with the offering expected to close the following day. As with all blank check companies, this represents just the formation of the investment vehicle - the SPAC will need to identify and complete a business combination to create shareholder value.
PRINCETON, NJ, April 28, 2025 (GLOBE NEWSWIRE) -- Real Asset Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 15,000,000 units at a price of
Real Asset Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it intends to target opportunities and companies that are in the quantum computing, metals/mining, rare earth and infrastructure sectors.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as the lead book-running manager for the offering and Clear Street LLC is acting as joint book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONTACT
Peter Ort
Principal Executive Officer and Co-Chairman
Real Asset Acquisition Corp.
pete@curaleaassociates.com
