RAAQ SEC filings, in plain English
Everything Real Asset Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Real Asset Acquisition Corp. filed a Warrant Assignment, Assumption and Amendment Agreement dated July 1, 2026 among IQM Quantum Computers Oy of Finland, the SPAC, Lucky Lucko, Inc. trading as Efficiency, and Computershare with Computershare Trust Company as warrant agent. It records that under the April 28, 2025 warrant agreement the SPAC has issued 8,625,000 public warrants as part of its IPO units, 3,725,000 private placement warrants to RAAQ Sponsor LLC, and 1,725,000 private placement warrants to underwriters Cohen & Company Capital Markets and Clear Street LLC. Why it matters: Assigning the warrant agreement to IQM Quantum Computers is a pre-closing step in a business combination, and the numbers show the dilution that travels with it: 14,075,000 warrants in total, of which 5,450,000 sit with the sponsor and the underwriters rather than public holders. A public shareholder deciding whether to redeem should count those warrants as claims on the post-combination equity alongside whatever shares the merger issues, since they survive the assignment unchanged.
What changed: DEFM14A — Real Asset Acquisition Corp.'s definitive proxy statement and IQM Finland Oy's prospectus for up to 21,625,000 IQM shares represented by American Depositary Shares, 14,075,000 IQM warrants and the 14,075,000 IQM shares underlying those warrants. Under a Business Combination Agreement dated February 22, 2026 among RAAQ, IQM Finland Oy, IQM US LLC and ECLIPSE QC S.a r.l., IQM first completes an internal capital restructuring and RAAQ then merges into IQM US LLC, which survives as an indirect wholly owned IQM subsidiary. Why it matters: The PIPE is approximately 14.6 million ordinary shares, including in ADS form, at $10.00 per ADS — about $146 million — signed at execution of the agreement and supplemented by a further commitment in June 2026, with certain RAAQ insiders among the investors. Redemption would have been approximately $10.41 per public share as of the record date. Sponsor economics: 5,750,000 founder shares bought for $25,000, about $0.004 each, of which 75,000 went to three independent directors and 60,000 to six advisors at the same price, leaving the Sponsor 5,615,000.
minimum cash conditionnothing moved · 1 with no prior record of ours
- Minimum cash condition
- $150.0M · unchanged
The clause …“Transaction Proceeds (as defined in the Business Combination Agreement) being equal to or greater than $150,000,000 (the “Minimum Cash Condition”); (ii) receipt of the required approval by the shareholders of RAAQ (the “RAAQ”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-11-14trust $175.5M → $178.6M +2%deadline 2026-10-30 → 2027-01-30
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $175.5M$178.6M
- Combination deadline
- 2026-10-302027-01-30
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 17.3M · unchanged
SpacBrain reads this as $3,116,535 was added to the trust between the two filings.
The clause …“20,000 44,081 Total current assets 924,119 1,187,543 Marketable securities held in Trust Account 178,582,603 177,124,457 Long-term prepaid insurance 5,327 21,734 TOTAL ASSETS $ 179,512,049 $ 178,333,734 LIABILITIES AND SHAREHOLDERS’”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by January 30, 2027. Therefore, the Company has concluded that there is substantial doubt about its ability to continue as a going”…
The clause …“are certain conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the condensed financial statements are”…
The clause …“none issued or outstanding at March 31, 2026 and December 31, 2025 (excluding 17,250,000 Class A ordinary shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 5,750,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.