Real Asset Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option

Group 1 - Real Asset Acquisition Corp. closed its initial public offering (IPO) of 17,250,000 units at a public offering price of $10.00 per unit, including 2,250,000 units from the underwriters' over-allotment option [1][2] - Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 [1] - The IPO proceeds included $172,500,000 placed in trust, corresponding to $10.00 per unit sold in the public offering [3] Group 2 - Concurrently with the IPO, the company closed a private placement of 5,450,000 warrants at $1.00 per warrant, generating gross proceeds of $5,450,000 [3] - The company intends to target opportunities in quantum computing, metals/mining, rare earth, and infrastructure sectors for its initial business combination [4] Group 3 - The units began trading on Nasdaq under the ticker symbol "RAAQU" on April 29, 2025, with Class A ordinary shares and warrants expected to be listed under "RAAQ" and "RAAQW," respectively [2] - Cohen & Company Capital Markets acted as the lead book-running manager, while Clear Street LLC served as the joint book-runner for the offering [5]