Real Asset Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering
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.
Real Asset Acquisition Corp ha annunciato il prezzo della sua IPO da 150 milioni di dollari, offrendo 15.000.000 di unità a 10,00 dollari ciascuna. Le unità saranno quotate al Nasdaq con il simbolo RAAQU a partire dal 29 aprile 2025.
Ogni unità comprende un'azione ordinaria di Classe A e metà di un warrant rimborsabile. Un warrant intero consente di acquistare un'azione di Classe A a 11,50 dollari. Dopo la separazione, azioni e warrant saranno negoziati rispettivamente come "RAAQ" e "RAAQW".
In qualità di società blank check, Real Asset punta a realizzare operazioni di fusione e acquisizione nei settori:
- informatica quantistica
- metalli/estrazione mineraria
- terre rare
- infrastrutture
Cohen & Company Capital Markets guida l'offerta, con Clear Street come co-lead underwriter. Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a 2.250.000 unità aggiuntive per coprire eventuali eccedenze.
Real Asset Acquisition Corp ha anunciado el precio de su OPI de 150 millones de dólares, ofreciendo 15.000.000 de unidades a 10,00 dólares cada una. Las unidades cotizarán en Nasdaq bajo el símbolo RAAQU a partir del 29 de abril de 2025.
Cada unidad incluye una acción ordinaria Clase A y la mitad de un warrant redimible. Un warrant completo permite comprar una acción Clase A a 11,50 dólares. Una vez separados, las acciones y los warrants se negociarán como "RAAQ" y "RAAQW" respectivamente.
Como empresa de cheque en blanco, Real Asset busca realizar combinaciones de negocios en los sectores de:
- computación cuántica
- metales/minería
- tierras raras
- infraestructura
Cohen & Company Capital Markets lidera la oferta, con Clear Street como co-líder de libro. Los suscriptores tienen una opción de 45 días para comprar hasta 2.250.000 unidades adicionales para sobreasignaciones.
Real Asset Acquisition Corp는 1억 5천만 달러 규모의 IPO 가격을 발표했으며, 단위당 10.00달러에 15,000,000 단위를 제공합니다. 이 단위들은 2025년 4월 29일부터 나스닥에서 RAAQU 심볼로 거래됩니다.
각 단위는 클래스 A 보통주 1주와 상환 가능 워런트 0.5개를 포함합니다. 전체 워런트 1개로 클래스 A 주식 1주를 11.50달러에 구매할 수 있습니다. 분리 후 주식과 워런트는 각각 "RAAQ"와 "RAAQW"로 거래됩니다.
블랭크 체크 회사로서 Real Asset은 다음 분야에서 사업 결합을 추구합니다:
- 양자 컴퓨팅
- 금속/광업
- 희토류
- 인프라 부문
Cohen & Company Capital Markets가 이번 공모를 주도하며 Clear Street가 공동 주관사로 참여합니다. 인수인들은 45일간 최대 2,250,000 단위 추가 매입 옵션을 보유하고 있습니다.
Real Asset Acquisition Corp a annoncé le prix de son introduction en bourse de 150 millions de dollars, offrant 15 000 000 d'unités à 10,00 dollars chacune. Les unités seront cotées au Nasdaq sous le symbole RAAQU à partir du 29 avril 2025.
Chaque unité comprend une action ordinaire de classe A et une demi-option remboursable. Une option complète permet d'acheter une action de classe A à 11,50 dollars. Une fois séparés, les actions et les options seront négociées respectivement sous les symboles "RAAQ" et "RAAQW".
En tant que société à chèque en blanc, Real Asset vise à réaliser des combinaisons d'entreprises dans les secteurs suivants :
- informatique quantique
- métaux/extraction minière
- terres rares
- secteurs des infrastructures
Cohen & Company Capital Markets dirige l'offre, avec Clear Street en co-chef de file. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 2 250 000 unités supplémentaires en cas de surallocation.
Real Asset Acquisition Corp hat die Preisfestsetzung seines 150-Millionen-Dollar-Börsengangs (IPO) bekanntgegeben und bietet 15.000.000 Einheiten zu je 10,00 Dollar an. Die Einheiten werden ab dem 29. April 2025 an der Nasdaq unter dem Symbol RAAQU gehandelt.
Jede Einheit umfasst eine Stammaktie der Klasse A und eine halbe einlösbare Optionsschein. Ein voller Optionsschein berechtigt zum Kauf einer Klasse-A-Aktie zu 11,50 Dollar. Nach der Trennung werden Aktien und Optionsscheine unter den Symbolen "RAAQ" bzw. "RAAQW" gehandelt.
Als Blankoscheckgesellschaft strebt Real Asset Geschäftskombinationen in den Bereichen an:
- Quantencomputing
- Metalle/Bergbau
- Seltenerdmetalle
- Infrastruktursektoren
Cohen & Company Capital Markets führt das Angebot an, Clear Street ist Co-Bookrunner. Die Underwriter haben eine 45-tägige Option, bis zu 2.250.000 zusätzliche Einheiten für Überzuteilungen zu erwerben.
- $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
- 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
