Here are the 10-Q quarterly reports from Real Asset Acquisition Corp. Warrants (RAAQW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RAAQW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RAAQW filings page.
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. 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.