Real Asset Acquisition Corp. closes $172.5M SPAC IPO and $5.45M private placement

Real Asset Acquisition Corp.

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.

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