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Real Asset Acquisition Corp SEC Filings

RAAQ NASDAQ

Welcome to our dedicated page for Real Asset Acquisition SEC filings (Ticker: RAAQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

Real Asset Acquisition Corp. (Nasdaq: RAAQ) is a blank check company in the financial services sector, classified in the shell companies industry. According to its public statements, it was formed to pursue a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

For a SPAC such as Real Asset Acquisition Corp., U.S. Securities and Exchange Commission (SEC) filings provide detailed information about its structure, offering terms and business combination process. While no specific SEC filings are listed in the available data here, investors typically look to registration statements and related documents to understand the composition of the units, the rights associated with Class A ordinary shares and warrants, and the terms under which proceeds are placed in a trust account.

Stock Titan’s SEC filings page for RAAQ is designed to surface these regulatory documents as they become available from EDGAR. Users can expect access to registration statements and, over time, periodic reports and transaction-related filings that describe the company’s efforts to identify and complete a business combination consistent with its stated purpose.

AI-powered tools on the platform help explain complex sections of lengthy filings by summarizing key points, highlighting descriptions of the trust account, unit and warrant terms, and any disclosures about the company’s intended focus on quantum computing, metals/mining, rare earth and infrastructure sectors. As forms such as annual and quarterly reports or transaction-related filings are filed with the SEC, this page will organize them chronologically and provide AI-generated insights to make Real Asset Acquisition Corp.’s regulatory history easier to review.

Rhea-AI Summary

Real Asset Acquisition Corp. (RAAQ) entered into a Business Combination Agreement to combine with IQM Finland Oy, a transaction intended to take IQM public. The companies issued a press release and hosted a conference call; the press release and conference call transcript are furnished as Exhibits 99.1 and 99.2.

IQM intends to file a Form F-4 registration statement that will include a preliminary proxy statement/prospectus for RAAQ shareholders and a preliminary prospectus for IQM. The registration statement will be mailed to RAAQ shareholders after it is declared effective and a record date for the extraordinary general meeting is established. The filing includes customary forward-looking statements and risk disclosures.

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Rhea-AI Summary

Real Asset Acquisition Corp. filed an 8-K describing its proposed business combination with IQM Finland Oy, a builder of full‑stack superconducting quantum computers, which will result in IQM becoming a publicly traded company via American Depositary Shares on a major U.S. exchange. The deal is presented at a $1.8 billion pre‑money valuation, backed by a $134 million PIPE, and management indicated IQM still holds more than $170 million from its 2025 Series B round, targeting about $480 million of cash at closing when including the SPAC trust. On the call, IQM highlighted an assumed $35 million in 2025 revenue and over $100 million in bookings, more than 30 quantum computers built with over 20 sold and 15 delivered, and a team of 300‑plus employees across Europe, the U.S. and Asia. The filing also furnishes a joint press release and full investor call transcript, plus extensive forward‑looking and risk disclosures tied to the transaction and IQM’s early‑stage quantum computing business.

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Rhea-AI Summary

IQM Finland Oy announced a definitive merger agreement to become a publicly listed company through a business combination with Real Asset Acquisition Corp. (Nasdaq: RAAQ), targeting dual listings on a leading U.S. exchange and a Nordic exchange and a pre-money equity valuation of $1.8 billion.

The companies intend to file a Registration Statement on Form F-4, which will include RAAQ’s proxy statement and IQM’s prospectus; shareholder and SEC approvals are required and timing is contingent on those reviews.

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Rhea-AI Summary

IQM Finland Oy entered a business combination agreement with Real Asset Acquisition Corp. The agreement, dated February 22, 2026, contemplates RAAQ becoming an indirect wholly-owned subsidiary of IQM as part of the proposed transaction.

IQM intends to file a Form F-4 registration statement that will include a preliminary proxy statement of RAAQ and a preliminary prospectus of IQM; after effectiveness, RAAQ will mail a definitive proxy statement/prospectus for shareholder voting at an extraordinary general meeting. The communication underscores standard forward-looking statement cautions and directs shareholders to read the Registration Statement and related SEC filings for complete information.

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Rhea-AI Summary

Real Asset Acquisition Corp. (RAAQ) entered into a Business Combination Agreement with IQM Finland Oy and certain subsidiaries to combine RAAQ and IQM through a merger structure that will convert RAAQ public shares into American depositary shares of IQM and assume RAAQ warrants as IQM warrants.

The agreement includes a Minimum Cash Condition requiring Aggregate Transaction Proceeds of $150,000,000, and contemplates a concurrent private placement (PIPE) for approximately 13.4 million IQM ADSs at $10.00 per ADS (aggregate $134,000,000). Sponsor forfeiture mechanics and post-closing lock-ups for insiders are specified.

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Rhea-AI Summary

Real Asset Acquisition Corp. entered into a Business Combination Agreement with IQM Finland Oy on February 22, 2026, a transaction that will result in RAAQ becoming an indirect wholly-owned subsidiary of IQM. The parties intend to file a Form F-4 registration statement that will include a preliminary proxy statement of RAAQ and a preliminary prospectus of IQM.

The Registration Statement must be declared effective by the SEC before RAAQ mails a definitive proxy/prospectus and establishes a record date for an Extraordinary General Meeting to vote on the proposed transaction. The communication notes customary forward-looking statements and advises shareholders to review the forthcoming filing materials on www.sec.gov.

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Rhea-AI Summary

Real Asset Acquisition Corp. and IQM Finland Oy entered into a Business Combination Agreement that will take IQM public via a merger with RAAQ and result in RAAQ becoming an indirect wholly-owned subsidiary of IQM. The transaction values IQM at an approximate $1.8 billion pre-money equity valuation and contemplates a dual-listing on a major U.S. exchange and a Nordic exchange.

The companies intend to file a registration statement on Form F-4 with the SEC, which will include a preliminary proxy statement/prospectus; after SEC effectiveness, RAAQ will mail the definitive proxy statement/prospectus for a shareholder vote. The transaction is subject to SEC review, shareholder approvals, and customary conditions.

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Rhea-AI Summary

Real Asset Acquisition Corp. (RAAQ) and IQM Finland Oy entered into a Business Combination Agreement to effect a merger. The agreement contemplates RAAQ merging into an IQM subsidiary, Unit Separation and conversion of RAAQ ordinary shares into IQM ADSs (one ADS per IQM ordinary share). The deal includes a Minimum Cash Condition of $150,000,000, a concurrent PIPE for approximately 13.4 million IQM ADSs at $10.00 per ADS (aggregate $134 million), shareholder approvals, SEC effectiveness of a Registration Statement and Nasdaq listing approval. Sponsor forfeiture mechanics and post-closing lock-ups are included, and required IQM audited financials and other customary closing conditions are specified.

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Rhea-AI Summary

Real Asset Acquisition Corp. announced a definitive business combination agreement with IQM Finland Oy, under which RAAQ will merge into an IQM subsidiary and IQM will become a U.S.-listed public company using American depositary shares. Each RAAQ Class A share will be exchanged for one IQM ADS, and all RAAQ warrants will become IQM warrants exercisable at $11.50 per share. The deal is backed by PIPE subscription agreements for about 13.4 million IQM ADSs at $10.00 per ADS, raising roughly $134 million alongside RAAQ’s trust cash, subject to a $150 million minimum aggregate proceeds condition. IQM shareholders and RAAQ insiders have also signed voting, support and lock-up agreements, and the sponsor agreed to forfeit 1,375,000 Class B shares and up to 3,725,000 warrants depending on remaining trust funds.

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Rhea-AI Summary

Real Asset Acquisition Corp. (RAAQ) reported Q3 results consistent with an early-stage SPAC. Net income was driven by interest on the Trust Account, with quarterly net income of $1,685,701 against general and administrative expenses of $121,746.

The company completed its IPO on April 30, 2025, raising $172,500,000 from 17,250,000 units; funds were deposited into a Trust Account that held $175,466,068 as of September 30, 2025. All 17,250,000 Class A shares are recorded as temporary equity at a redemption value of $10.17 per share. There are 5,750,000 Class B founder shares and a total of 14,075,000 warrants outstanding with a $11.50 exercise price.

The company discloses substantial doubt about its ability to continue as a going concern due to the SPAC’s mandatory liquidation timeline ending October 30, 2026 (or January 30, 2027 if a definitive agreement is executed within 18 months). A $6,900,000 deferred underwriting fee remains payable upon a successful business combination.

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FAQ

What is the current stock price of Real Asset Acquisition (RAAQ)?

The current stock price of Real Asset Acquisition (RAAQ) is $10.64 as of February 27, 2026.

What is the market cap of Real Asset Acquisition (RAAQ)?

The market cap of Real Asset Acquisition (RAAQ) is approximately 244.0M.

RAAQ Rankings

RAAQ Stock Data

244.03M
17.25M
Shell Companies
Blank Checks
United States
PRINCETON

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