Real Asset Acquisition Corp.

Item 1.01 Entry into a Material Definitive Agreement. Registration Rights Agreement On the Closing Date, the Sponsor, the SPAC Insiders and IQM entered into a registration rights agreement (the “Registration Rights Agreement”), pursuant to which IQM granted the SPAC Insiders registration rights and committed to use its commercially reasonable efforts to file a resale shelf registration statement on Form F-1 within 30 calendar days following the Closing Date. The foregoing description of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Registration Rights Agreement, the form of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference. Warrant Assignment, Assumption and Amendment Agreement On the Closing Date, IQM, RAAQ, Lucky Lucko, Inc. d/b/a Efficiency (“Efficiency”), Computershare Inc. (“Computershare”) and Computershare Trust Company N.A. (collectively with Computershare, the “Warrant Agent”) entered into a warrant assignment, assumption and amendment agreement (the “Warrant Assignment Agreement”), pursuant to which RAAQ assigned to IQM, and IQM assumed, all of RAAQ’s rights, interests and obligations under the Warrant Agreement dated April 28, 2025, by and between RAAQ and Efficiency (the “RAAQ Warrant Agreement”), and the terms and conditions of the RAAQ Warrant Agreement were amended and restated to, among other things, reflect the assumption of the RAAQ Warrants by IQM as described therein. The foregoing description of the Warrant Assignment Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Warrant Assignment Agreement, a copy of which is attached as Exhibit 10.2 hereto and is incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets. The information set forth in the Introductory Note of this Current Report on Form 8-K is incorporated herein by reference.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; Material Modification to Rights of Security Holders. On July 1, 2026, in connection with the consummation of the Business Combination, RAAQ notified Nasdaq that the Business Combination had become effective and requested that Nasdaq file a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on Form 25 to notify the SEC that the RAAQ Class A Ordinary Shares, RAAQ Public Warrants and RAAQ Units (collectively, the “RAAQ Securities”) were to be delisted and deregistered under Section 12(b) of the Exchange Act. As a result of the Business Combination having become effective, Nasdaq determined to permanently suspend trading of the RAAQ Securities prior to the opening of trading on July 2, 2026. The deregistration will become effective 10 days from the filing of the Form 25, which occurred on July 1, 2026. RAAQ intends to file a Form 15 with the SEC in order to complete the deregistration of the RAAQ Securities under the Exchange Act. Item 3.03 Material Modifications to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the disclosure set forth in the Introductory Note, Item 2.01 and Item 3.01 above and Item 5.01 below of this Current Report on Form 8-K is incorporated by reference in this Item 3.03. Item 5.01 Changes in Control of Registrant. To the extent required by Item 5.01 of Form 8-K, the disclosure set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference in this Item 5.01. As a result of the consummation of the Business Combination, a change in control of RAAQ occurred. At the Merger Effective Time, all the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of Merger Sub and RAAQ became the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of the Merger Sub, which included the assumption by the Merger Sub of any and all agreements, covenants, duties and obligations of Merger Sub and RAAQ set forth in the Business Combination Agreement to be performed after the Merger Effective Time.

Item 3.03 Material Modifications to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the disclosure set forth in the Introductory Note, Item 2.01 and Item 3.01 above and Item 5.01 below of this Current Report on Form 8-K is incorporated by reference in this Item 3.03.

Item 5.01 Changes in Control of Registrant. To the extent required by Item 5.01 of Form 8-K, the disclosure set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference in this Item 5.01. As a result of the consummation of the Business Combination, a change in control of RAAQ occurred. At the Merger Effective Time, all the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of Merger Sub and RAAQ became the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of the Merger Sub, which included the assumption by the Merger Sub of any and all agreements, covenants, duties and obligations of Merger Sub and RAAQ set forth in the Business Combination Agreement to be performed after the Merger Effective Time.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In accordance with the Business Combination Agreement, RAAQ merged with and into Merger Sub and upon the Merger Effective Time, RAAQ ceased to exist and each of RAAQ’s officers and directors forthwith ceased to serve as an officer or director of RAAQ. Effective as of the Merger Effective Time, each of Robert Neal, Mark Smith and Eduardo Munemori ceased to be a director of RAAQ, and Peter Ort resigned as Chief Executive Officer and Co-Chairman and Jeff Tuder resigned as Chief Financial Officer and Co-Chairman. These resignations were not due to any disagreement between RAAQ and the officers and directors on any matter relating to RAAQ’s operation, policies and practice. Mr. Tuder will serve as a director of IQM.