Real Asset Acquisition, a blank check company targeting sectors underpinned by real assets such as mining, real estate, and infrastructure, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Real Asset Acquisition is led by CEO and Co-Chair Peter Ort, who currently serves as a General Partner at Cambium Capital Management, a venture firm focused on early-stage investments in the advanced computing sector. He is joined by CFO and Co-Chair Jeff Tuder, the founder of Tremson Capital Management. The SPAC plans to target sectors underpinned by real assets, including metals and mining, real estate, infrastructure, and adjacent sectors.
Real Asset Acquisition plans to list on the Nasdaq under the symbol RAAQU. Cohen & Company Securities and Clear Street acted as joint bookrunners on the deal.
