Skip to content
Baker Capital StrategiesMARKETS. FILINGS. PERSPECTIVE.
Powered by THEMA

BAKER CAPITAL STRATEGIES

Get the free weekly BCS email.

Selected company filings and market updates, delivered by email. Your first report will follow soon.

  • Your weekly BCS reportMarket updates and links to filings you can explore.
  • THEMA at launchWe’ll send directions for setting up your filing alerts when THEMA officially opens.

One signup for the weekly email and your free THEMA Basic account at launch.

Already registered or a CSW member?Log in to THEMA →

At least 8 characters. This also creates your free THEMA account for launch.

You’re signing up for the weekly BCS email and THEMA launch/setup updates. Unsubscribe using the link in any email. Privacy policy · Terms

BCS

Security

Real Asset Acquisition Corp. Unit · RAAQU

RAAQUNASDAQUnitHistorical · closed Jul 1, 2026CIK 2052161Updated Oct 6, 2026

Company: Real Asset Acquisition Corp. →

RAAQU price & chart

Provider market data
Historical security

This listing closed Jul 1, 2026. Live provider charts are shown only for current listings.

About the company

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

424B4 · 2025-04-30 · 0001213900-25-037749

Company description from the cited filing.

In the news

No coverage from other publishers is available.

SEC disclosures

Financials

FY 2025 · USD
Revenue— · FY 2025
Net income— · FY 2025
Operating income— · FY 2025
Diluted EPS— · FY 2025

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemQ3 2025Q2 2025Q1 2026Q1 2025FY 2025FY 2024
ASSETS
AssetsUSD176,770,259
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

175,068,185
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

179,512,049
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

201,170
Source

10-Q · 2025-06-12 · 0001213900-25-053847

As of 2025-03-31

178,333,734
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

25,000
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD1,180,426
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

—838,494
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

—1,077,837
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

—
Assets, CurrentUSD1,266,051
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

1,348,753
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

924,119
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

—1,187,543
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

—
Prepaid Expense and Other Assets, CurrentUSD20,000
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

—20,000
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

—44,081
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

—
LIABILITIES AND EQUITY
LiabilitiesUSD7,043,489
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

7,027,116
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

7,001,425
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

230,106
Source

10-Q · 2025-06-12 · 0001213900-25-053847

As of 2025-03-31

7,041,404
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

1,087
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Stockholders’ equity:
Additional Paid in CapitalUSD———24,425
Source

10-Q · 2025-06-12 · 0001213900-25-053847

As of 2025-03-31

—24,425
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Retained Earnings (Accumulated Deficit)USD-5,739,873
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

-5,624,392
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

-6,072,554
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

-53,936
Source

10-Q · 2025-06-12 · 0001213900-25-053847

As of 2025-03-31

-5,832,702
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

-1,087
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Stockholders' Equity Attributable to ParentUSD-5,739,298
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

-5,623,817
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

-6,071,979
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

-28,936
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2025-03-31

-5,832,127
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

23,913
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Liabilities and EquityUSD176,770,259
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

175,068,185
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

179,512,049
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

201,170
Source

10-Q · 2025-06-12 · 0001213900-25-053847

As of 2025-03-31

178,333,734
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

25,000
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Current liabilities:
Liabilities, CurrentUSD143,489
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

127,116
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

101,425
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

—141,404
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

1,087
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Additional Financial Items
Accrued Liabilities, CurrentUSD30,144
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

51,795
Source

10-Q · 2025-08-19 · 0001213900-25-078499

As of 2025-06-30

63,080
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

28,615
Source

10-Q · 2025-06-12 · 0001213900-25-053847

As of 2025-03-31

103,059
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

766
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2024-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemQ4 2025Q3 2025Q2 2025Q1 2026Q1 2025FY 2025
Cash flows from operating activities:
Net Cash Provided by (Used in) Operating ActivitiesUSD———-239,343
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2026-01-01 to 2026-03-31

—14,833
Source

10-K · 2026-03-03 · 0001213900-26-022507

2025-01-01 to 2025-12-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD—————-172,500,000
Source

10-K · 2026-03-03 · 0001213900-26-022507

2025-01-01 to 2025-12-31

Cash flows from financing activities:
Net Cash Provided by (Used in) Financing ActivitiesUSD—————173,563,004
Source

10-K · 2026-03-03 · 0001213900-26-022507

2025-01-01 to 2025-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD—1,180,426
Source

10-Q · 2025-11-14 · 0001213900-25-110164

As of 2025-09-30

—838,494
Source

10-Q · 2026-05-15 · 0001213900-26-057762

As of 2026-03-31

—1,077,837
Source

10-K · 2026-03-03 · 0001213900-26-022507

As of 2025-12-31

Additional Financial Items
General and Administrative ExpenseUSD—121,746
Source

10-Q · 2025-11-14 · 0001213900-25-110164

2025-07-01 to 2025-09-30

96,036
Source

10-Q · 2025-08-19 · 0001213900-25-078499

2025-04-01 to 2025-06-30

248,185
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2026-01-01 to 2026-03-31

52,849
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2025-01-01 to 2025-03-31

374,202
Source

10-K · 2026-03-03 · 0001213900-26-022507

2025-01-01 to 2025-12-31

Net Income (Loss) Attributable to ParentUSD—1,685,701
Source

10-Q · 2025-11-14 · 0001213900-25-110164

2025-07-01 to 2025-09-30

1,051,484
Source

10-Q · 2025-08-19 · 0001213900-25-078499

2025-04-01 to 2025-06-30

1,218,294
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2026-01-01 to 2026-03-31

-52,849
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2025-01-01 to 2025-03-31

4,249,896
Source

10-K · 2026-03-03 · 0001213900-26-022507

2025-01-01 to 2025-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemQ4 2025Q3 2025Q2 2025Q1 2026Q1 2025
Operating Income (Loss)——
Source

10-Q · 2025-11-14 · 0001213900-25-110164

2025-07-01 to 2025-09-30

—
Source

10-Q · 2025-08-19 · 0001213900-25-078499

2025-04-01 to 2025-06-30

—
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2026-01-01 to 2026-03-31

—
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2025-01-01 to 2025-03-31

Net Income (Loss) Attributable to Parent——
Source

10-Q · 2025-11-14 · 0001213900-25-110164

2025-07-01 to 2025-09-30

—
Source

10-Q · 2025-08-19 · 0001213900-25-078499

2025-04-01 to 2025-06-30

—
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2026-01-01 to 2026-03-31

—
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2025-01-01 to 2025-03-31

Earnings Per Share, Basic—————
Source

10-Q · 2025-06-12 · 0001213900-25-053847

2025-01-01 to 2025-03-31

Earnings Per Share, Diluted—————
Source

10-Q · 2025-06-12 · 0001213900-25-053847

2025-01-01 to 2025-03-31

Weighted Average Number of Shares Outstanding, Basic—————
Source

10-Q · 2025-06-12 · 0001213900-25-053847

2025-01-01 to 2025-03-31

Weighted Average Number of Shares Outstanding, Diluted—————
Source

10-Q · 2025-06-12 · 0001213900-25-053847

2025-01-01 to 2025-03-31

General and Administrative Expense——
Source

10-Q · 2025-11-14 · 0001213900-25-110164

2025-07-01 to 2025-09-30

—
Source

10-Q · 2025-08-19 · 0001213900-25-078499

2025-04-01 to 2025-06-30

—
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2026-01-01 to 2026-03-31

—
Source

10-Q · 2026-05-15 · 0001213900-26-057762

2025-01-01 to 2025-03-31

Lines labelled “Derived” are calculated from reported figures.

Offerings

Registration 333-284777

424B4 · 2025-04-30 · 0001213900-25-037749

Terms from the governing filing for this registration; not a claim that the offering is open today.

Gross proceeds
150000000.0
Net proceeds
141000000.0
Deal price
10.0
Shares
15000000
Offering amount
$150,000,000
Offering price
$10.00
Ticker
RAAQU

Filing attachments

ea029530601ex99-1.htm · 8-K · 2026-06-22

EX-99.1 2 ea029530601ex99-1.htm PRESS RELEASE, DATED JUNE 19, 2026 Exhibit 99.1 IQM Appoints Craig Ciesla, Former Illumina VP, as CTO; Inés de Vega Becomes Chief Scientist Ciesla is a seasoned deep tech executive with more than 25 years of experience delivering products across industries — from startups to Fortune 500 companies. De Vega brings more than 20 years of experience advancing quantum technologies from fundamental research to intellectual property and industrial applicati…

8-K · 2026-06-22 · 0001213900-26-070357

Read attachment ↗
ea029506301ex99-1.htm · 8-K · 2026-06-17

EX-99.1 2 ea029506301ex99-1.htm PRESS RELEASE, DATED JUNE 17, 2026 Exhibit 99.1 IQM and Real Asset Acquisition Corp. Host Inaugural Capital Markets Day for Investors and Analysts The presentation is now available on demand, outlining IQM’s growth strategy, technology roadmap, commercial momentum, and vision for the future of quantum computing. PRINCETON, N.J. & ESPOO, Finland - June 17, 2026 - IQM Quantum Computers Oy (f/k/a IQM Finland Oy), a global leader in full-stack superconducting…

8-K · 2026-06-17 · 0001213900-26-069624

Read attachment ↗
ea029467501ex99-1.htm · 8-K · 2026-06-12

EX-99.1 2 ea029467501ex99-1.htm PRESS RELEASE, DATED JUNE 12, 2026 Exhibit 99.1 IQM Appoints Barbara Venneman, Vanguard Board Director and Former Global Head of Deloitte Digital, to its Board of Directors Venneman brings more than 30 years of digital transformation, AI, and enterprise technology experience as IQM prepares for its planned Nasdaq listing ESPOO, Finland - (BUSINESS WIRE) - IQM Quantum Computers, the global leader in superconducting quantum computers, today announced the appo…

8-K · 2026-06-12 · 0001213900-26-068399

Read attachment ↗
ea029390001ex99-1.htm · 425 · 2026-06-09

Exhibit 99.1 IQM and Real Asset Acquisition Corp. Announce Effectiveness of Registration Statement for Proposed Business Combination RAAQ Extraordinary General Meeting Scheduled for June 25, 2026 PRINCETON, NJ & ESPOO, Finland - (BUSINESS WIRE) -- IQM Finland Oy, a global leader in full-stack superconducting quantum computers (“IQM”, “IQM Quantum Computers” or the “Company”), and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company (“RAAQ”), announced today that…

425 · 2026-06-09 · 0001213900-26-066452

Read attachment ↗
ea029390001ex99-1.htm · 8-K · 2026-06-09

EX-99.1 2 ea029390001ex99-1.htm PRESS RELEASE, DATED JUNE 8, 2026 Exhibit 99.1 IQM and Real Asset Acquisition Corp. Announce Effectiveness of Registration Statement for Proposed Business Combination RAAQ Extraordinary General Meeting Scheduled for June 25, 2026 PRINCETON, NJ & ESPOO, Finland - (BUSINESS WIRE) -- IQM Finland Oy, a global leader in full-stack superconducting quantum computers (“IQM”, “IQM Quantum Computers” or the “Company”), and Real Asset Acquisition Corp. (Nasdaq: RAAQ)…

8-K · 2026-06-09 · 0001213900-26-066449

Read attachment ↗
ea029316401ex99-1.htm · 425 · 2026-06-02

Exhibit 99.1 IQM, a Global Leader in Quantum Computing, and Real Asset Acquisition Corp. Announce Upsized USD 146 million PIPE with New Commitment from Ilmarinen IQM in conjunction with its SPAC partner, Real Asset Acquisition Corp., increased commitments to its PIPE due to upsized demand. ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── This additional commitment comes from a new investor, Ilmarin…

425 · 2026-06-02 · 0001213900-26-064160

Read attachment ↗

Privacy choices

BCS measures page use with Google Analytics using regional consent settings. You can change your preference here. Charts and market data remain available.

Essential functions — always available. Security, navigation, registration and remembering these choices.

Audience analytics

Analytics cookies are off by default for visitors Google identifies in the EEA, UK or Switzerland until allowed. Limited measurement without analytics cookies may still occur under those regional defaults.

TradingView charts, quotes and the economic calendar load automatically as page content. TradingView receives network and browser information and may collect its own usage analytics. This choice controls BCS’s Google Analytics only.

Google advertising is not enabled. Direct sponsor links do not load advertising trackers on BCS.

Turning analytics off stops future Google Analytics activity here. It does not erase information already received by the provider. Read the privacy policy.