Real Asset Acquisition Corp. (Nasdaq: RAAQ) is a blank check company in the financial services sector, classified in the shell companies industry. According to its public statements, it was formed to pursue a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
For a SPAC such as Real Asset Acquisition Corp., U.S. Securities and Exchange Commission (SEC) filings provide detailed information about its structure, offering terms and business combination process. While no specific SEC filings are listed in the available data here, investors typically look to registration statements and related documents to understand the composition of the units, the rights associated with Class A ordinary shares and warrants, and the terms under which proceeds are placed in a trust account.
Stock Titan’s SEC filings page for RAAQ is designed to surface these regulatory documents as they become available from EDGAR. Users can expect access to registration statements and, over time, periodic reports and transaction-related filings that describe the company’s efforts to identify and complete a business combination consistent with its stated purpose.
AI-powered tools on the platform help explain complex sections of lengthy filings by summarizing key points, highlighting descriptions of the trust account, unit and warrant terms, and any disclosures about the company’s intended focus on quantum computing, metals/mining, rare earth and infrastructure sectors. As forms such as annual and quarterly reports or transaction-related filings are filed with the SEC, this page will organize them chronologically and provide AI-generated insights to make Real Asset Acquisition Corp.’s regulatory history easier to review.
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. 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. announced that IQM Finland Oy has filed a registration statement on Form F-4 with the SEC in connection with a previously agreed business combination that, if completed, will result in IQM becoming a publicly traded company. The parties executed the Business Combination Agreement on February 22, 2026.
The filing includes a preliminary proxy statement/prospectus and, after SEC effectiveness, RAAQ will mail a definitive proxy statement/prospectus to shareholders for a vote at an extraordinary general meeting. A press release dated May 14, 2026 is attached as Exhibit 99.1.
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. announced that it and IQM Finland Oy entered into a business combination agreement that will result in IQM becoming a publicly traded company. On April 7, 2026, the parties issued a joint press release stating that IQM confidentially submitted a draft Form F-4 registration statement to the SEC in connection with the Transaction.
The filing process will include a preliminary proxy statement of RAAQ and a preliminary prospectus of IQM, and, after SEC effectiveness, RAAQ will mail a definitive proxy statement/prospectus to shareholders for an extraordinary general meeting.
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.
IQM Finland Oy secured a 950 million financing package from funds and accounts managed by BlackRock to support R&D, accelerate its technology roadmap and fund market expansion. IQM also intends to file a Form F-4 registration statement in connection with the proposed business combination with Real Asset Acquisition Corp (RAAQ).
The company says the facility lowers its cost of capital and increases capital flexibility as it prepares for the Extraordinary General Meeting and subsequent proxy/prospectus process.
Real Asset Acquisition Corp. announces a proposed business combination with IQM Finland Oy and intends to file a Form F-4 registration statement. The Registration Statement will include a preliminary proxy statement of RAAQ and a preliminary prospectus of IQM and, after the Registration Statement is declared effective, RAAQ will mail a definitive proxy statement/prospectus to shareholders for voting at an Extraordinary General Meeting. The communication directs readers to review the Registration Statement and related filings on www.sec.gov for important information and clarifies that this notice is not an offer or solicitation.