- Business
- Real Asset Acquisition Corp. Real Asset Acquisition Corp. (NASDAQ: RAAQ) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company focuses primarily on sectors underpinned by real assets, including quantum computing, metals and mining, rare earth elements, real estate, infrastructure, and adjacent industries; it targets global opportunities but may pursue domestic targets while avoiding excessively leveraged companies. Incorporated in 2024 and headquartered at 174 Nassau Street, Suite 2100, Princeton, New Jersey, Real Asset Acquisition operates in the financial services industry within the shell companies segment, with zero employees and no current revenue generation. In April 2025, the company completed its initial public offering of 17.25 million units at $10 each, raising $172.5 million including the full exercise of the underwriters' over-allotment option by Cohen & Company Capital Markets and Clear Street, with all proceeds placed in trust; it concurrently raised $5.45 million through a private placement of 5.45 million warrants to its sponsor and underwriters. Securities began trading separately as Class A ordinary shares (RAAQ) and redeemable warrants (RAAQW) on Nasdaq around June 2, 2025, following the initial unit trading under RAAQU; the company recently extended its deadline to complete an initial business combination from June 2025 to March 2026 via shareholder approval, amid ongoing search for a target and substantial doubt regarding its ability to continue as a going concern if no deal materializes by October 2026 or January 2027.