- Business
- Real Asset Acquisition Corp. is a blank check company incorporated in the Cayman Islands in 2024 and headquartered at 174 Nassau Street, Suite 2100, Princeton, New Jersey. The company focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting sectors underpinned by real assets including metals and mining, real estate, infrastructure, quantum computing, rare earth elements, and adjacent industries; it may pursue opportunities globally without limitation to specific geographies or excessive leverage. Its securities trade on the Nasdaq Global Market, with units under ticker RAAQU comprising one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50, alongside separate listings for shares (RAAQ) and warrants (RAAQW) that commenced trading around June 2025. In April 2025, Real Asset Acquisition Corp. completed its initial public offering of 17.25 million units at $10 each, raising $172.5 million including full exercise of the underwriters' over-allotment option, supplemented by $5.45 million from a concurrent private placement of 5.45 million sponsor warrants; the IPO was led by Cohen & Company Capital Markets with Clear Street as co-manager, depositing substantially all proceeds into trust pending a business combination. The company, led by Co-Chairman and Principal Executive Officer Peter Ort of Cambium Capital Management and Co-Chairman and CFO Jeff Tuder of Tremson Capital Management, has not yet announced any de-SPAC merger, acquisition, partnership, or further strategic developments as of late 2025.