Real Asset Acquisition Corp. Reports Net Loss and Completes IPO Raising $172.5 Million

Real Asset Acquisition Corp. has reported its financial performance for the three months ending March 31, 2025, revealing a net loss of $52,849, attributed entirely to general and administrative expenses of the same amount. The company, which was incorporated in December 2024, has not yet commenced operations or generated any revenue, as its activities have been limited to organizational efforts and preparations for its Initial Public Offering (IPO). The weighted average shares outstanding during this period were 5,000,000, resulting in a basic and diluted net loss per ordinary share of $(0.01).

In a significant development, Real Asset Acquisition Corp. successfully completed its IPO on April 30, 2025, raising gross proceeds of $172.5 million from the sale of 17,250,000 units, which included 2,250,000 units from the underwriters' over-allotment option. Additionally, the company sold 5,450,000 private placement warrants for $5.45 million. The proceeds from these offerings have been placed in a trust account, which will be utilized primarily for a future business combination. The company incurred transaction costs of approximately $10.93 million related to the IPO, which included underwriting fees and other offering costs.

As of March 31, 2025, Real Asset Acquisition Corp. reported total assets of $201,170, reflecting the initial costs associated with its formation and IPO. The company had a working capital deficit of $230,106 prior to the IPO, but this situation has since improved with the influx of capital from the IPO. The company has not yet established a customer base or user statistics, as it is still in the early stages of its business model, which focuses on identifying and merging with a target business.

Looking ahead, Real Asset Acquisition Corp. has until October 30, 2026, to complete its initial business combination, with the possibility of extending this period under certain conditions. The management has indicated that they will utilize the funds from the trust account to finance the operations of the target business once identified. However, there is no assurance that the company will successfully complete a business combination within the specified timeframe. The company’s management has broad discretion regarding the application of the net proceeds from the IPO, and they are currently evaluating potential targets for acquisition.