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Real Asset Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about June 2, 2025
Globenewswire· 2025-05-29 20:10
Group 1 - The Company, Real Asset Acquisition Corp., completed its initial public offering of 17,250,000 units on April 30, 2025, including 2,250,000 units from the underwriters' overallotment option [1] - Holders of the units can separately trade Class A ordinary shares and warrants starting on or about June 2, 2025, with the units continuing to trade under the symbol "RAAQU" [1] - The Class A ordinary shares and warrants will trade separately under the symbols "RAAQ" and "RAAQW," respectively, and no fractional warrants will be issued upon separation [1] Group 2 - A registration statement for the securities was declared effective on April 28, 2025, in accordance with the Securities Act of 1933 [2] - The Company is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination [4] - The Company intends to target opportunities in sectors such as quantum computing, metals/mining, rare earth, and infrastructure [4]
Real Asset Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about June 2, 2025
GlobeNewswire News Room· 2025-05-29 20:10
Company Overview - Real Asset Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [4] - The company intends to target opportunities in sectors such as quantum computing, metals/mining, rare earth, and infrastructure [4] Initial Public Offering Details - The company completed its initial public offering on April 30, 2025, selling a total of 17,250,000 units, which includes 2,250,000 units from the underwriters' overallotment option [1] - Holders of the units may elect to separately trade the Class A ordinary shares and warrants starting on or about June 2, 2025 [1] - Units that are not separated will continue to trade under the symbol "RAAQU," while the Class A ordinary shares and warrants will trade under the symbols "RAAQ" and "RAAQW," respectively [1]
Real Asset Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option
Globenewswire· 2025-04-30 17:20
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]
Real Asset Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering
Globenewswire· 2025-04-28 21:07
Group 1 - Real Asset Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, with a total of 15,000,000 units being offered [1] - The units will be listed on Nasdaq under the ticker symbol "RAAQU" starting April 29, 2025, and the offering is expected to close on April 30, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 per share [1] Group 2 - Real Asset Acquisition Corp. is a blank check company aimed at merging or acquiring businesses, particularly in quantum computing, metals/mining, rare earth, and infrastructure sectors [2] - The company has granted underwriters a 45-day option to purchase an additional 2,250,000 units to cover over-allotments [3] Group 3 - A registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission on April 28, 2025 [4] - The offering is being conducted solely through a prospectus, which can be obtained from Cohen & Company Capital Markets [5]