Schedule 13G: Aristeia Reports 1M Class A Shares in Real Asset (RAAQW)
Rhea-AI Filing Summary
Aristeia Capital, L.L.C. disclosed a beneficial ownership position of 1,000,000 Class A ordinary shares of Real Asset Acquisition Corp, representing approximately 5.8% of the outstanding Class A shares (based on 17,250,000 shares outstanding). The filing reports the Reporting Person has sole voting and sole dispositive power over these shares and identifies the type of reporting person as "IN, HC." This statement was submitted on Schedule 13G and includes a certification that the shares were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The 5.8% figure was calculated by dividing 1,000,000 by 17,250,000.
Positive
- Reported beneficial ownership of 1,000,000 Class A shares, a material stake representing approximately 5.8% of the class
- Filer discloses sole voting power and sole dispositive power over the reported shares
- Filing includes a certification that the shares were acquired and are held in the ordinary course of business and not to influence control
Negative
- None.
Insights
TL;DR: Aristeia reports a passive 1,000,000-share stake (5.8%) with sole voting and dispositive power; material ownership but no control claim.
The filing discloses a >5% beneficial stake in Real Asset Acquisition Corp, which is a material disclosure for market transparency. The Reporting Person states sole voting and dispositive power over 1,000,000 shares, which centralizes decision authority for that block. However, the inclusion on Schedule 13G and the certification that the position was acquired and is held in the ordinary course and not to influence control frame this as a passive ownership disclosure rather than an active control pursuit. Investors should treat this as a significant ownership disclosure without an asserted control intent.
TL;DR: Schedule 13G filing signals passive ownership; sole voting/dispositive power noted but filer certifies no intent to change issuer control.
The report names Aristeia Capital, L.L.C. as the reporting entity and classifies the filer as "IN, HC." The document lists precise powers: sole voting and sole dispositive power for 1,000,000 shares, representing about 5.8% of the Class A float. The certification language explicitly states the shares were not acquired to influence control. From a governance perspective this is a material disclosure of influence capacity on paper, but the filer disclaims any active control purpose in the filing.