{"filings":[{"id":805880,"accession_number":"0001213900-26-064156","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2026-06-02T20:06:10+00:00","items":["8.01","9.01"],"status":"ready","headline":"IQM and RAAQ announce upsized PIPE to $146M with new commitment from Ilmarinen","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["New $12M PIPE commitment from Ilmarinen, Finland's largest private pension insurer, brings total PIPE to over $146M.","Transaction values IQM at ~$1.8B pre-money equity valuation; expected cash up to EUR 406M ($477M).","IQM reported 2025 revenue of EUR 31M ($36M), indicating commercial traction.","IQM plans to list ADS on Nasdaq and ordinary shares on Helsinki stock exchange post-combination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":442997,"accession_number":"0001213900-26-056647","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2026-05-14T20:18:06+00:00","items":["8.01","9.01"],"status":"ready","headline":"IQM files F-4 for SPAC merger with RAAQ; pre-money valuation ~$1.8B, 2025 revenue $36M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Pre-money equity valuation of IQM approximately USD 1.8 billion.","At close, IQM's cash position expected up to EUR 397M (USD 465M) from trust, PIPE, warrant exercises, and existing cash.","IQM reported 2025 revenue of USD 36M (EUR 31M); has sold 23 systems and delivered 15.","PIPE financing of ~$134M at $10.00/share; trust account holds ~$175M (assuming no redemptions).","IQM intends to list on Nasdaq under 'IQMX' and apply for dual listing on Nasdaq Helsinki."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97489,"accession_number":"0001213900-26-041139","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2026-04-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"IQM & RAAQ file confidential draft F-4 for proposed business combination; expected close mid-2026","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["IQM confidentially submitted draft registration statement on Form F-4 to SEC for its business combination with RAAQ.","Transaction expected to close in mid-2026, subject to RAAQ shareholder approval and SEC effectiveness.","IQM operates a vertically integrated quantum computing business with proprietary chip design, fab, assembly, and data center.","Submission marks a milestone toward IQM becoming a publicly traded company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112318,"accession_number":"0001213900-26-021779","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"RAAQ and IQM schedule investor call for Feb 27; no new financial details in filing","summary_kind":"llm","event_type":"m_and_a","confidence":"low","bullets":["IQM and RAAQ will host a conference call on Feb 27 to discuss the proposed business combination and transaction highlights.","The transaction will result in IQM becoming a public company with a U.S. stock exchange listing of American Depositary Shares.","IQM is considering a dual listing of its ordinary shares on the Helsinki stock exchange following the transaction's completion.","No deal value, financial projections, or revised terms were disclosed in the filing or the furnished exhibits.","The furnished conference call transcript contains only introductory remarks and safe harbor language; no Q&A session was held."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112317,"accession_number":"0001213900-26-019008","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"SPAC RAAQ to combine with quantum-computing firm IQM; $134M PIPE at $10/ADS","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Each RAAQ Class A share converts to one IQM ADS; RAAQ warrants assumed by IQM.","Minimum cash condition: aggregate transaction proceeds must be >= $150M.","PIPE investors commit ~13.4M IQM ADS at $10/ADS for aggregate ~$134M.","Sponsor to forfeit up to 1,375,000 Class B shares and up to 3,725,000 warrants based on trust proceeds.","IQM shareholders subject to one-year lock-up; release if IQM ADS price >=$12 for 20 of 30 days after 150 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163999,"accession_number":"0001213900-25-048936","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2025-05-29T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Real Asset Acquisition announces separate trading of shares and warrants starting June 2, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["17,250,000 units from IPO (including full overallotment) may be separated into Class A ordinary shares and warrants.","Separate trading of Class A ordinary shares (RAAQ) and warrants (RAAQW) begins on or about June 2, 2025.","Units not separated continue trading as RAAQU on Nasdaq Global Market.","Holders must contact transfer agent Efficiency to separate units."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163998,"accession_number":"0001213900-25-040228","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Real Asset Acquisition Corp. closes $172.5M SPAC IPO and $5.45M private placement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["IPO of 17,250,000 units at $10.00/unit, including full over-allotment, gross proceeds $172.5 million.","Simultaneous private placement of 5,450,000 warrants at $1.00 each to sponsor and underwriters, gross proceeds $5.45 million.","$172.5 million of proceeds deposited in trust account; working capital surplus of $1.37 million as of April 30, 2025.","Company must complete a business combination by October 30, 2026 (or January 30, 2027 if definitive agreement by 18 months).","Audited balance sheet as of April 30, 2025 filed as Exhibit 99.1 shows total assets $174.1 million, shareholders' deficit $5.5 million."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163997,"accession_number":"0001213900-25-038449","cik":2052161,"company_name":"Real Asset Acquisition Corp.","ticker":"RAAQ","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["1.01","3.02","5.02","5.03","8.01","9.01"],"status":"ready","headline":"Real Asset Acquisition Corp. closes $172.5M IPO plus $5.45M private placement of warrants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed IPO of 17,250,000 units at $10.00/unit, raising $172.5M in gross proceeds.","Concurrent private placement of 5,450,000 warrants at $1.00/warrant raised $5.45M.","Total $172.5M placed in trust; must complete initial business combination within 18 months (21 if signed deal).","Appointed Robert Neal, Mark Smith, and Eduardo Munemori as independent directors; board now three classes.","Target sectors: quantum computing, metals/mining, rare earth, and infrastructure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":261970000.97267288,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}