Real Asset Acquisition Corp.

Real Asset Acquisition Corp. is a blank check company formed to complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating businesses. It is organized as a special purpose acquisition company (SPAC) and does not conduct operating business of its own before a combination is completed.

8.40

8.40

— Real Asset Acquisition Corp.
%
SPAC formation and capital raising100% Units, warrants, and trust-account capital raised to fund a future business combination.
Business combination execution0% Merger, share exchange, or similar transaction used to take a target public.
Public-company listing platform0% A transaction structure that gives a private company access to U.S. public markets.

The company’s direct counterparties are private operating businesses, founders, and owners that may become the target...

  • Private company acquisition targetsprimary

    Operating businesses that may merge with the SPAC to become publicly listed.

  • Public shareholdersprimary

    Investors who buy the SPAC securities and provide the cash held in trust.

  • Warrant holderssecondary

    Investors who hold warrants tied to the future post-combination equity value.

  • Sponsor and underwriterssecondary

    Capital providers and transaction partners that support the SPAC structure.

Real Asset Acquisition Corp. is incorporated in the Cayman Islands, while its securities are offered in the United...

  • •Incorporated in the Cayman Islands
  • •Capital raised and securities offered in the United States
  • •Future target geography is not limited by industry or region
  • •Announced combination structure spans Finland, the U.S., and Luxembourg

The company’s strategy is to identify and complete an initial business combination within its completion window using...

01
Identify and close a business combinationshort-term

The SPAC has no operating business until a transaction is completed.

02
Preserve transaction flexibilityshort-term

Different deal structures and financing sources can improve closing odds.

03
Position the target for U.S. public marketsmedium-term

The SPAC structure is designed to deliver a public listing path.

The company faces the core SPAC risk that it may not complete a business combination within the required window, which...

critical

Inability to complete an initial business combination

The company exists to consummate one transaction within a fixed window.

Scope
Completion window and liquidation risk
Materiality
high
high

Shareholder redemptions

Public shareholders can redeem for cash, reducing deal proceeds.

Scope
Trust account and closing capital
Materiality
high
high

Competition for targets

Other SPACs, private equity, and strategic buyers pursue similar targets.

Scope
Target sourcing and valuation
Materiality
medium
high

Post-combination business underperformance

The acquired company may not meet expectations after becoming public.

Scope
Future operating results of the target
Materiality
high
medium

Dilution from warrants and sponsor structure

Warrants and founder economics can dilute public shareholders.

Scope
Per-share value after closing
Materiality
medium
Redeemable ordinary shares
Affects temporary equity and reported shareholders' equity
Warrant accounting
Affects equity classification and diluted EPS
Trust account accounting
Affects liquidity presentation and redemption capacity
Net income per share
Affects comparability of per-share results

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: 29.4.2026