Real Asset Acquisition Corp. (RAAQ) Form 10-Q — May 15, 2026
Real Asset Acquisition Corp. (RAAQ) reported net income of $1.22 million for the three months ended March 31, 2026, driven primarily by $1.46 million in earnings on marketable securities held in its trust account. The company holds $178.6 million in the trust account and $838,494 in operating cash, with no operating revenues generated to date as it remains a pre-deal SPAC. The filing confirms the business combination agreement signed on February 22, 2026, with IQM Finland Oy, a quantum computing company.
Key figures
- Net Income
- 1218294
- Cash Position
- 838494
- Pipe Shares
- 13400000
- Pipe Price Per Share
- 10
- Trust Account Balance
- 178582603
- Pipe Investment Amount
- 134000000
- Trust Account Earnings
- 1458072
- Class AShares Outstanding
- 17250000
- Class BShares Outstanding
- 5750000
- General And Administrative Expenses
- 248185
Price after filing
Close on the filing date to close N calendar days later (from $11.46). Historical, not a forecast.
AI analysis
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