Real Asset Acquisition sponsor converts 5,615,000 shares
RAAQ Sponsor LLC, together with executives Ort Peter and Jeffrey Tuder, reported a restructuring of founder equity in Real Asset Acquisition Corp. on July 1, 2026.
Rhea-AI Filing Summary
RAAQ Sponsor LLC, together with executives Ort Peter and Jeffrey Tuder, reported a restructuring of founder equity in Real Asset Acquisition Corp. on July 1, 2026. In connection with the closing of its initial business combination with IQM Quantum Computers Oyj, 5,615,000 Class B ordinary shares converted into Class A on a one-to-one basis, and 5,615,000 Class A ordinary shares were then cancelled and exchanged for IQM ordinary shares, leaving no Class A shares reported as held.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,615,000 shares exercised/converted
Exercise
3 txns
Insider
RAAQ Sponsor LLC, Ort Peter, TUDER JEFFREY
Role
Director, 10% Owner | Principal Executive Officer | Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares F1 | 5,615,000 | $0.00 | $0.00 |
| Conversion | Class A Ordinary Shares F1 | 5,615,000 | -- | -- |
| Disposition | Class A Ordinary Shares F2 | 5,615,000 | -- | -- |
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: 5,615,000 shares
Class A shares cancelled/exchanged: 5,615,000 shares
Business Combination Agreement date: February 22, 2026
+1 more
4 metrics
Class B shares converted
5,615,000 shares
Class B ordinary shares automatically converted into Class A on July 1, 2026
Class A shares cancelled/exchanged
5,615,000 shares
Class A ordinary shares cancelled and exchanged for IQM ordinary shares on July 1, 2026
Business Combination Agreement date
February 22, 2026
Date of Business Combination Agreement among Real Asset Acquisition Corp., IQM Quantum Computers Oyj and affiliates
Business combination closing date
July 1, 2026
Closing date of Real Asset Acquisition Corp.’s initial business combination with IQM Quantum Computers Oyj
Key Terms
Business Combination Agreement, initial business combination, Class B ordinary share, derivative security
4 terms
Business Combination Agreement regulatory
"Pursuant to the Business Combination Agreement by and among the Issuer, IQM Quantum..."
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
"transaction_code_description: Conversion of derivative security"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did RAAQ Sponsor LLC report for Real Asset Acquisition Corp. (RAAQ)?
RAAQ Sponsor LLC reported converting 5,615,000 Class B ordinary shares into Class A and then cancelling and exchanging 5,615,000 Class A shares for IQM ordinary shares as part of the initial business combination closing on July 1, 2026.
Who are the reporting persons named in the Real Asset Acquisition Corp. (RAAQ) Form 4?
The Form 4 lists RAAQ Sponsor LLC, director and Principal Executive Officer Ort Peter, and director and Chief Financial Officer Jeffrey Tuder as reporting persons in connection with the share conversions and disposition tied to the IQM business combination.
How is the IQM Quantum Computers Oyj transaction reflected in RAAQ’s (RAAQ) insider filing?
The filing explains that, under the Business Combination Agreement with IQM Quantum Computers Oyj, Class B shares converted into Class A, and all Class A ordinary shares were then cancelled and exchanged for IQM ordinary shares at the July 1, 2026 closing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
