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Real Asset Acquisition Corp. (the "Company"), a blank check company, has successfully completed its initial public offering (IPO) on April 30, 2025, according to a recent SEC filing. The IPO consisted of 17,250,000 units, including 2,250,000 units issued due to the underwriters’ full exercise of their over-allotment option. Each unit, priced at $10, comprises one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50 per share, subject to adjustment.
Concurrently with the IPO, the Company also engaged in a private placement of 5,450,000 warrants to RAAQ Sponsor LLC (the "Sponsor"), Cohen & Company Capital Markets, and Clear Street LLC (collectively, the "Underwriters"), generating an additional $5,450,000. The Sponsor acquired 3,725,000 of these private placement warrants, with the remaining distributed among the other underwriters.
The combined proceeds of $172,500,000 from the IPO and the private placement, inclusive of up to $6,900,000 in deferred underwriting commissions, were deposited into a trust account managed by Lucky Lucko, Inc. acting as trustee.
The Company’s audited balance sheet as of April 30, 2025, reflecting the receipt of the proceeds from the IPO and the private sale, has been included as Exhibit 99.1 in the Form 8-K filing. This SEC filing confirms the successful capital raise and the placement of funds in trust, signifying the Company’s readiness for future transactions.
Real Asset Acquisition Corp. is incorporated in the Cayman Islands and has its principal executive offices in Princeton, New Jersey. The company’s securities, including units (NASDAQ:RAAQU), Class A ordinary shares (NASDAQ:RAAQ), and warrants (NASDAQ:RAAQW), are listed on the Nasdaq Stock Market LLC.
This news article is based on the company’s press release statement and provides a factual summary of the key events surrounding Real Asset Acquisition Corp.’s initial public offering and subsequent private placement.
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