Welcome to our dedicated page for Real Asset Acquisition SEC filings (Ticker: RAAQW), 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.
The SEC filings page for Real Asset Acquisition Corp. (warrants trading under RAAQW) provides access to the company’s regulatory documents as a blank check company in the Financial Services sector. These filings explain how the SPAC is structured, how its capital is raised and held, and how it reports its financial position while seeking a business combination.
Core filings include the registration statement and prospectus for its initial public offering of units on the Nasdaq Global Market. Those documents describe the composition of each unit, the Class A ordinary shares, and the redeemable warrants, as well as the trust account funded with a portion of the offering and private placement proceeds. They also outline the company’s stated intention to target opportunities in quantum computing, metals and mining, rare earth and infrastructure sectors, while retaining flexibility to pursue a combination in any industry or region.
Ongoing periodic reports, such as Forms 10-K and 10-Q, provide updates on Real Asset Acquisition Corp.’s financial condition and the status of its search for a business combination. A Form 12b-25 (Notification of Late Filing) filed by the company notes that it required additional time to finalize financial statements for a quarterly period and expected to file the related Form 10-Q within the permitted extension window. This type of filing helps readers understand timing and context around the company’s reporting obligations.
On this page, AI-powered summaries can highlight the key points from lengthy filings, including the structure of the warrants, the use of proceeds held in trust, and narrative disclosures about the company’s objectives as a SPAC. Users can also review forms related to Real Asset Acquisition Corp.’s warrants and other securities as they appear in the SEC’s EDGAR system.
Real Asset Acquisition Corp. reported net income of $1.2 million for the three months ended March 31, 2026, driven mainly by $1.46 million of interest on the $178.6 million held in its trust account, partially offset by $248,185 of general and administrative costs.
The SPAC has $838,494 of cash outside the trust and 17,250,000 Class A and 5,750,000 Class B ordinary shares outstanding. It signed a business combination agreement with IQM Finland Oy, targeting a third-quarter 2026 closing supported by a $134 million PIPE financing at $10.00 per ADS.
The company must complete a business combination by January 30, 2027 or liquidate, and management notes substantial doubt about its ability to continue as a going concern over the next year despite the pending IQM transaction.
Real Asset Acquisition Corp. reported net income of $1.2 million for the three months ended March 31, 2026, driven mainly by $1.46 million of interest on the $178.6 million held in its trust account, partially offset by $248,185 of general and administrative costs.
The SPAC has $838,494 of cash outside the trust and 17,250,000 Class A and 5,750,000 Class B ordinary shares outstanding. It signed a business combination agreement with IQM Finland Oy, targeting a third-quarter 2026 closing supported by a $134 million PIPE financing at $10.00 per ADS.
The company must complete a business combination by January 30, 2027 or liquidate, and management notes substantial doubt about its ability to continue as a going concern over the next year despite the pending IQM transaction.
Real Asset Acquisition Corp. Schedule 13G filed to report that Fort Baker Capital Management LP and related reporting persons beneficially own 1,719,359 Class A ordinary shares. The filing states this equals 9.97% of the class based on March 2, 2026 share count.
The filing names Fort Baker Capital Management LP, Fort Baker Capital, LLC and Steven Patrick Pigott as reporting persons and discloses shared voting and dispositive power over the reported shares. The issuer's outstanding Class A shares were reported as 17,250,000 on March 2, 2026.
Real Asset Acquisition Corp. Schedule 13G filed to report that Fort Baker Capital Management LP and related reporting persons beneficially own 1,719,359 Class A ordinary shares. The filing states this equals 9.97% of the class based on March 2, 2026 share count.
The filing names Fort Baker Capital Management LP, Fort Baker Capital, LLC and Steven Patrick Pigott as reporting persons and discloses shared voting and dispositive power over the reported shares. The issuer's outstanding Class A shares were reported as 17,250,000 on March 2, 2026.
Real Asset Acquisition Corp. ownership disclosure: a Schedule 13G/A amendment reports that, as of March 31, 2026, First Trust Merger Arbitrage Fund 2 ("VARBX") beneficially owned 352,714 shares (2.04% of the Class A ordinary shares) and First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC collectively reported 423,342 shares (2.45%). The filing states the reporting parties have sole voting and dispositive power over the listed shares and that FTCS and Sub GP may be deemed control persons of FTCM. The joint filing is signed by authorized representatives on May 15, 2026.
Real Asset Acquisition Corp. ownership disclosure: a Schedule 13G/A amendment reports that, as of March 31, 2026, First Trust Merger Arbitrage Fund 2 ("VARBX") beneficially owned 352,714 shares (2.04% of the Class A ordinary shares) and First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC collectively reported 423,342 shares (2.45%). The filing states the reporting parties have sole voting and dispositive power over the listed shares and that FTCS and Sub GP may be deemed control persons of FTCM. The joint filing is signed by authorized representatives on May 15, 2026.
Real Asset Acquisition Corp. reported that IQM Finland Oy and RAAQ have publicly filed a Form F-4 registration statement for their proposed business combination, which would result in IQM becoming a publicly traded company. The deal implies a pre-money equity valuation for IQM of about USD 1.8 billion and is expected to fund the company with multiple capital sources. IQM anticipates access to approximately USD 175 million from RAAQ’s trust account assuming no redemptions, about USD 134 million from a PIPE financing at USD 10.00 per share, and an expected USD 24 million from cash exercise of IQM warrants, plus existing cash of USD 172 million. IQM plans to list American Depositary Shares on Nasdaq under the ticker “IQMX” and seek a dual listing on Nasdaq Helsinki, while existing IQM shareholders will not sell shares and have agreed to lock-up commitments, subject to shareholder approvals and customary closing conditions.
Real Asset Acquisition Corp. reported that IQM Finland Oy and RAAQ have publicly filed a Form F-4 registration statement for their proposed business combination, which would result in IQM becoming a publicly traded company. The deal implies a pre-money equity valuation for IQM of about USD 1.8 billion and is expected to fund the company with multiple capital sources. IQM anticipates access to approximately USD 175 million from RAAQ’s trust account assuming no redemptions, about USD 134 million from a PIPE financing at USD 10.00 per share, and an expected USD 24 million from cash exercise of IQM warrants, plus existing cash of USD 172 million. IQM plans to list American Depositary Shares on Nasdaq under the ticker “IQMX” and seek a dual listing on Nasdaq Helsinki, while existing IQM shareholders will not sell shares and have agreed to lock-up commitments, subject to shareholder approvals and customary closing conditions.
Real Asset Acquisition Corp. reporting that AQR Capital Management entities beneficially own 805,182 Class A ordinary shares, representing 4.67% of the class. The filing shows shared voting and shared dispositive power over those shares across AQR Capital Management, AQR Capital Management Holdings, and AQR Arbitrage.
The filing is dated and signed 05/13/2026 and identifies the Class A shares by CUSIP G73944103.
Real Asset Acquisition Corp. reporting that AQR Capital Management entities beneficially own 805,182 Class A ordinary shares, representing 4.67% of the class. The filing shows shared voting and shared dispositive power over those shares across AQR Capital Management, AQR Capital Management Holdings, and AQR Arbitrage.
The filing is dated and signed 05/13/2026 and identifies the Class A shares by CUSIP G73944103.
Real Asset Acquisition Corp. and IQM Finland Oy announced that IQM has confidentially submitted a draft registration statement on Form F-4 to the SEC for their proposed business combination, a step toward IQM becoming a publicly traded company.
The closing of the transaction, which is expected in mid-2026, is subject to RAAQ shareholder approval, the Form F-4 being declared effective, and other customary conditions. IQM is described as a global leader in full-stack superconducting quantum computers with a vertically integrated model and more than 350 employees across Europe, Asia and North America.
Real Asset Acquisition Corp. and IQM Finland Oy announced that IQM has confidentially submitted a draft registration statement on Form F-4 to the SEC for their proposed business combination, a step toward IQM becoming a publicly traded company.
The closing of the transaction, which is expected in mid-2026, is subject to RAAQ shareholder approval, the Form F-4 being declared effective, and other customary conditions. IQM is described as a global leader in full-stack superconducting quantum computers with a vertically integrated model and more than 350 employees across Europe, Asia and North America.
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.
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.
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. 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. completed its IPO and reported a June 30, 2025 condensed 10-Q showing total assets of $175,068,185 and cash and marketable securities of $173,664,886 held in a Trust Account from the Unit and Private Placement Warrant proceeds. The IPO generated gross proceeds of $172,500,000 from 17,250,000 Units and $5,450,000 from Private Placement Warrants; underwriting and offering costs reduced temporary and permanent equity. Management reports net income of $998,635 for the period and states that completion of the IPO alleviated prior substantial doubt about the Company’s ability to continue as a going concern. The Trust Account funds are restricted to U.S. government obligations or certain money market funds until a business combination or liquidation, and Public Shares subject to redemption are classified as temporary equity.
Real Asset Acquisition Corp. filed a Form 12b-25 to notify that it will not file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 on time. The company states it needs additional time to finalize its financial statements and that filing by the original deadline would require unreasonable effort or expense.
The company indicates it anticipates filing the Form 10-Q as soon as practicable and in any event within the five‑day extension period allowed for a late quarterly report, but it cautions there can be no assurance this will occur. It also notes that an ongoing review could lead to a material delay in financial reporting and might identify errors or control deficiencies in its accounting practices.