Real Asset Acquisition Corp. Closes $172.5 Million IPO

Funding | Apr 30, 2025 | EIN

Real Asset Acquisition Corp. Closes $172.5 Million IPO

Real Asset Acquisition Corp., a blank check company listed on Nasdaq, announced the successful completion of its $172.5 million initial public offering (IPO). This includes the full exercise of underwriters' over-allotment option, leading to a total unit sale of 17,250,000 at a public offering price of $10 per unit. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with each warrant allowing the purchase of one Class A ordinary share at $11.50. In tandem with the IPO, the company secured $5.45 million from a private placement of warrants, involving key investors such as RAAQ Sponsor LLC, Cohen & Company Capital Markets, and Clear Street. Gross proceeds of $172.5 million were placed into a trust. The company aims to target quantum computing, metals/mining, rare earth, and infrastructure sectors for future business combinations. Cohen & Company Capital Markets and Clear Street LLC acted as leading book-runners. The registration statement was filed with the SEC and deemed effective on April 28, 2025.

Sectors

  • Finance and Investments
  • Technology and Infrastructure
  • Mining and Resources

Geography

  • United States – The company is based in Princeton, New Jersey, and the IPO was filed with the U.S. Securities and Exchange Commission.

Industry

  • Finance and Investments – This article primarily pertains to the financial sector due to the issuance of an IPO by Real Asset Acquisition Corp and related private placements of warrants.
  • Technology and Infrastructure – Real Asset Acquisition Corp. intends to target companies within the quantum computing and infrastructure sectors for potential mergers or acquisitions.
  • Mining and Resources – The Company is targeting opportunities in metals, mining, and rare earth sectors, indicating relevance to natural resources and mining industries.

Financials

  • $172,500,000 – Gross proceeds from the initial public offering of 17,250,000 units.
  • $5,450,000 – Proceeds from the private placement of 5,450,000 warrants.
  • $11.50 – Price at which each warrant is exercisable to purchase one Class A ordinary share.

Participants

NameRoleTypeDescription
Real Asset Acquisition Corp.Target CompanyCompanyA blank check company formed for effecting business combinations, listed on Nasdaq.
Cohen & Company Capital MarketsLead Book-Running ManagerCompanyA division of J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering.
Clear Street LLCJoint Book-RunnerCompanyActed as the joint book-runner for the offering.
RAAQ Sponsor LLCInvestorCompanyThe sponsor of Real Asset Acquisition Corp., purchased private placement warrants.
U.S. Securities and Exchange CommissionRegulatory AuthorityGovernmentThe registration statement related to the securities was filed and declared effective by this regulatory body.