Real Asset Acquisition director converts and exits stake
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Form Type
4
Rhea-AI Filing Summary
Real Asset Acquisition Corp. director Eduardo Munemori converted 25,000 Class B ordinary shares into an equal number of Class A ordinary shares on July 1, 2026, then disposed of those Class A shares to the issuer as they were cancelled and exchanged one-for-one for IQM ordinary shares under the Business Combination Agreement.
Insider Trade Summary
25,000 shares exercised/converted
Exercise
3 txns
Insider
Munemori Eduardo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares F1 | 25,000 | $0.00 | $0.00 |
| Conversion | Class A Ordinary Shares F1 | 25,000 | -- | -- |
| Disposition | Class A Ordinary Shares F2 | 25,000 | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 0 contracts (Direct);
Class A Ordinary Shares — 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Business Combination Agreement by and among the Issuer, IQM Quantum Computers Oyj ("IQM"), IQM US LLC and ECLIPSE QC S.A .r.l. dated as of February 22, 2026 (the "BCA"), on July 1, 2026 (the "Closing Date"), the Issuer consummated its initial business combination with IQM (the "Business Combination"). On the Closing Date, each Class B ordinary share of the Issuer was automatically converted into Class A ordinary shares of the Issuer on a one-to-one basis.
- F2. Pursuant to the BCA, on the Closing Date, each Class A ordinary share of the Issuer was cancelled and exchanged for IQM ordinary shares on a one-to-one basis.
Key Figures
Class B shares converted: 25,000 shares
Class A shares disposed to issuer: 25,000 shares
Conversion price: $0.0000 per share
+1 more
4 metrics
Class B shares converted
25,000 shares
Class B ordinary shares converted into Class A on July 1, 2026
Class A shares disposed to issuer
25,000 shares
Class A ordinary shares returned to issuer, holdings reduced to 0
Conversion price
$0.0000 per share
Conversion price for 25,000 Class B ordinary shares into Class A
Business combination closing date
July 1, 2026
Closing date of initial business combination with IQM Quantum Computers Oyj
Key Terms
Business Combination Agreement, initial business combination, derivative security, Disposition to issuer
4 terms
Business Combination Agreement regulatory
"Pursuant to the Business Combination Agreement by and among the Issuer"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
initial business combination regulatory
"the Issuer consummated its initial business combination with IQM"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
derivative security financial
"Conversion of derivative security reported with transaction code C"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Disposition to issuer financial
"transaction code D reflects a Disposition to issuer of Class A shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Eduardo Munemori report in Real Asset Acquisition Corp. (RAAQ) Form 4?
Eduardo Munemori reported a conversion of 25,000 Class B shares into Class A shares and a corresponding disposition of 25,000 Class A shares to the issuer on July 1, 2026, in connection with the closing of a business combination with IQM.
How are Eduardo Munemori’s Form 4 transactions tied to RAAQ’s business combination with IQM?
The transactions occurred on the July 1, 2026 closing date of Real Asset Acquisition Corp.’s initial business combination with IQM Quantum Computers Oyj, when Class B shares converted into Class A, and all Class A shares were cancelled and exchanged for IQM ordinary shares.
What do the disposition and conversion codes mean in Eduardo Munemori’s RAAQ Form 4?
Code C reflects a conversion of a derivative security, here Class B into Class A shares, while code D indicates a disposition to the issuer, documenting the cancellation and exchange of the Class A shares as part of the business combination mechanics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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