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.
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.
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.
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.