Real Asset Acquisition Corp.
Cash in trust
$178.6M
$178,582,603
Trust per share
—
Redemption value
IPO
Apr 2025
—
Combination deadline
—
Not disclosed
Filings on record
90
Latest Aug 14, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Feb 23, 2026
- Closed
- Jul 8, 2026
Overview
Real Asset Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002052161. It completed its initial public offering in Apr 2025. The vehicle is sponsored by RAAQ through RAAQ Sponsor LLC. The mandate targets financial services, industrials, real estate. Business combination closed; the company trades under a new ticker.
“we intend to focus our search initially on identifying companies in sectors underpinned by real assets including metals and mining, real estate, infrastructure and adjacent sectors.”
Reading the filings
Arithmetic on what Real Asset Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Underwriting
Cohen & Company led the offering. It has been named on 47 SPAC IPOs, book-running 46 of them, and 50% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001193125-26-351938
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001688382-26-000031
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001346554-26-000074
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-26-003566
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-078780
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-078778
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-078775
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-078773
- 15-12G
Deregistration of securities
Accession 0001213900-26-077544
- 8-K
Entry into a material definitive agreement; Completion of an acquisition; Notice of delisting or failure to satisfy a listing rule
Items 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 9.01 · Accession 0001213900-26-076453
- 25-NSE
Notification of delisting
Accession 0001354457-26-000634
- 425
Business-combination communication
Accession 0001213900-26-073128
- 425
Business-combination communication
Accession 0001213900-26-072155
- 8-K
Submission of matters to a vote of security holders
Item 5.07 · Accession 0001213900-26-072153
- 425
Business-combination communication
Accession 0001213900-26-070635
- 425
Business-combination communication
Accession 0001213900-26-070359
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-070357
- 425
Business-combination communication
Accession 0001213900-26-069630
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-069624
- 425
Business-combination communication
Accession 0001213900-26-068403
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-068399
- 425
Business-combination communication
Accession 0001213900-26-066454
- 425
Business-combination communication
Accession 0001213900-26-066452
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-066449
- DEFM14A
Definitive merger proxy statement
Accession 0001193125-26-259964
- 425
Business-combination communication
Accession 0001213900-26-064163
- 425
Business-combination communication
Accession 0001213900-26-064160
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-064156
- 10-Q
Quarterly report
Accession 0001213900-26-057762
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001688382-26-000019
Real Asset Acquisition Corp.: questions answered
What is Real Asset Acquisition Corp.?
Real Asset Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002052161. It completed its initial public offering in Apr 2025. The vehicle is sponsored by RAAQ through RAAQ Sponsor LLC. The mandate targets financial services, industrials, real estate. Business combination closed; the company trades under a new ticker.
How much does Real Asset Acquisition Corp. hold in trust?
Approximately $178,582,603, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Real Asset Acquisition Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Real Asset Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Real Asset Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Real Asset Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Real Asset Acquisition Corp.'s founder shares and warrants create?
Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Real Asset Acquisition Corp., and what is their track record?
RAAQ Sponsor LLC is the sponsor entity, part of the RAAQ franchise. This is the only vehicle we have attributed to that sponsor.
Which banks underwrote the Real Asset Acquisition Corp. IPO?
Cohen & Company, Clear Street. Cohen & Company and Clear Street were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Real Asset Acquisition Corp. a good investment?
That is not a question this site answers. Real Asset Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Real Asset Acquisition Corp. data come from?
Filings Real Asset Acquisition Corp. submitted to the SEC under CIK 0002052161: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
RAAQ: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Cohen & Company in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Financial Services SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.