Real Asset Acquisition Corp. Secures $150 Million IPO Pricing
Real Asset Acquisition Corp. Announces Initial Public Offering
Real Asset Acquisition Corp. has announced an exciting milestone as it has priced its initial public offering at $150 million. The offering will comprise 15,000,000 units, each available at a price of $10.00. Investors can expect these units to be listed on The Nasdaq Global Market, debuting under the ticker symbol ‘RAAQU’ starting soon.
About the Offering
Each unit in this offering consists of one Class A ordinary share along with one-half of a redeemable warrant. This means that for every unit purchased, investors will have the ability to acquire whole warrants which can be exercised to purchase additional Class A ordinary shares at a set price of $11.50 per share, keeping the potential for growth in mind. Once trading commences, the Class A ordinary shares and warrants are anticipated to be listed under separate symbols: ‘RAAQ’ for the shares and ‘RAAQW’ for the warrants.
Company Overview
Real Asset Acquisition Corp. is structured as a blank check company, designed for the purpose of engaging in mergers or business combinations. This innovative approach allows the Company to actively seek opportunities in diverse fields, particularly emphasizing sectors like quantum computing, metals and mining, rare earth elements, and infrastructure. The goal is to identify valuable targets that can lead to significant growth and expansion.
Leadership in the Offering
Cohen & Company Capital Markets has taken the lead as the book-running manager for this offering, showcasing their expertise in this sector. Partnering with them, Clear Street LLC joins as the joint book-runner. The underwriters have also received a 45-day window to purchase an additional 2,250,000 units, if necessary, to manage any potential over-allotments, demonstrating confidence in the offering's reception.
Regulatory Compliance and Updates
The registration statement concerning these securities was approved by the U.S. Securities and Exchange Commission, reflecting stringent adherence to regulatory requirements. Moving forward, all elements related to the offering will be executed strictly according to the outlined guidelines.
Prospectus Availability
Interested investors can obtain copies of the prospectus from Cohen & Company Capital Markets. The request can be made accordingly through their official channels, ensuring that all pertinent information is transparently shared with prospective investors.
Conclusion
In summary, Real Asset Acquisition Corp.'s initial public offering marks a significant step towards expanding its reach into promising sectors. As the market continues to evolve, the Company’s dedication to finding innovative paths for growth remains strong, offering opportunities for investors looking to engage with emerging technologies and infrastructures alike.
Frequently Asked Questions
What is the purpose of Real Asset Acquisition Corp.?
The Company primarily aims to utilize its funding for mergers and business combinations in promising sectors, including quantum computing and infrastructure.
When will the units be available for trading?
Units are expected to begin trading on The Nasdaq Global Market shortly after the pricing announcement, under the ticker symbol ‘RAAQU’.
Who is managing the offering?
Cohen & Company Capital Markets is acting as the lead book-running manager, supported by Clear Street LLC as a joint book-runner for the offering.
How can investors access the prospectus?
Investors can request the prospectus from Cohen & Company Capital Markets to obtain detailed information regarding the offering.
What kind of businesses is Real Asset Acquisition Corp. targeting?
The Company intends to focus on sectors like quantum computing, metals/mining, rare earth elements, and infrastructure to identify suitable opportunities for growth.
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