STOCK TITAN

Fort Baker trims RAAQ (RAAQ) holding to under 5% after IQM merger

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Real Asset Acquisition Corp., now named IQM Quantum Computers Oyj after a July 1, 2026 business combination, is the issuer of Class A Ordinary Shares. Fort Baker Capital Management LP, Steven Patrick Pigott and Fort Baker Capital, LLC previously beneficially owned 200,000 Class A shares, representing 1.2% of this class based on 17,250,000 shares outstanding as of May 15, 2026. The shares were held with shared voting and dispositive power among the reporting persons. Following the business combination, the reporting persons state that they ceased to be beneficial owners of any Class A Ordinary Shares of Real Asset Acquisition Corp., and now report ownership of 5% or less of the class.

Positive

  • None.

Negative

  • None.
Shares beneficially owned 200,000 Class A Ordinary Shares Beneficially owned by each reporting person prior to the business combination
Ownership percentage 1.2% Percent of Class A Ordinary Shares reported for each reporting person
Shares outstanding 17,250,000 Class A Ordinary Shares Shares outstanding as of May 15, 2026 used to calculate ownership percentage
Shared voting power 200,000 shares Shares over which each reporting person had shared power to vote or direct the vote
Sole voting power 0 shares Shares over which each reporting person had sole power to vote or direct the vote
Business combination date July 1, 2026 Date Real Asset Acquisition Corp. combined with IQM Quantum Computers Oyj and changed its name
beneficial ownership financial
"The calculation percentage of beneficial ownership in Item 11 was derived"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
business combination financial
"On July 1, 2026, Real Asset Acquisition Corp. consummated a business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
pecuniary interest financial
"each disclaims beneficial ownership of the securities reported herein except to the extent of that person's pecuniary interest"
shared voting power financial
"Shared Voting Power 200,000.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive power financial
"Shared Dispositive Power 200,000.00"

FAQ

What ownership did Fort Baker report in RAAQ Class A shares?

Fort Baker Capital Management LP and related reporting persons disclosed 200,000 Class A Ordinary Shares of Real Asset Acquisition Corp., representing 1.2% of the class, based on 17,250,000 shares outstanding as of May 15, 2026, with shared voting and dispositive power.

How did the July 1, 2026 business combination affect RAAQ (symbol RAAQ)?

On July 1, 2026, Real Asset Acquisition Corp. completed a business combination with IQM Quantum Computers Oyj and changed its name to IQM Quantum Computers Oyj. After this transaction, the reporting persons state they ceased to be beneficial owners of any Class A Ordinary Shares.

What percentage of RAAQ’s Class A did Fort Baker entities and Steven Pigott own?

Each reporting person—Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC—reported beneficial ownership of 1.2% of Real Asset Acquisition Corp.’s Class A Ordinary Shares, corresponding to 200,000 shares out of 17,250,000 shares outstanding on May 15, 2026.

Do the Fort Baker reporting persons still own RAAQ Class A shares?

The reporting persons state that following the July 1, 2026 business combination and name change to IQM Quantum Computers Oyj, they ceased to be beneficial owners of any Class A Ordinary Shares and report ownership of 5% or less of the class.

What voting and dispositive powers did Fort Baker report over RAAQ shares?

Fort Baker Capital Management LP, Steven Patrick Pigott and Fort Baker Capital, LLC each reported 0 shares with sole voting or dispositive power and 200,000 shares with shared voting and shared dispositive power over Real Asset Acquisition Corp. Class A Ordinary Shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





G73944103

(CUSIP Number)
06/30/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Fort Baker Capital Management LP
Signature:/s/ Steven Patrick Pigott
Name/Title:Steven Patrick Pigott, Chief Investment Officer
Date:08/14/2026
Steven Patrick Pigott
Signature:/s/ Steven Patrick Pigott
Name/Title:Steven Patrick Pigott
Date:08/14/2026
Fort Baker Capital, LLC
Signature:/s/ Steven Patrick Pigott
Name/Title:Steven Patrick Pigott, Chief Investment Officer
Date:08/14/2026