---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-064156"
form_type: "8-K"
ticker: "RAAQ"
cik: "0002052161"
company_name: "Real Asset Acquisition Corp."
filed_at: "2026-06-02T20:06:10+00:00"
generated_at: "2026-06-02T20:14:33.661748+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# IQM and RAAQ announce upsized PIPE to $146M with new commitment from Ilmarinen

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-064156
- form_type: 8-K
- ticker: RAAQ
- cik: 0002052161
- company_name: Real Asset Acquisition Corp.
- filed_at: 2026-06-02T20:06:10+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2052161/000121390026064156/0001213900-26-064156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2052161/000121390026064156/ea0293164-8k425_realasset.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-064156
- JSON: https://secwatch.observer/filing/0001213900-26-064156.json
- Plain text: https://secwatch.observer/filing/0001213900-26-064156.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.