Real Asset Acquisition Corp. Reports Q1 Net Income $1.22M; IQM Merger Update
Real Asset Acquisition Corp. reported a net income of $1.22 million for the three months ended March 31, 2026, a significant improvement from a net loss of $52,849 in the prior year, primarily driven by earnings on marketable securities in its Trust Account. The company also provided an update on its business combination agreement with IQM Finland Oy, announced on February 22, 2026, which is expected to close in the third quarter of 2026. The company noted substantial doubt about its ability to continue as a going concern if the business combination is not completed by January 30, 2027.
Key Highlights
- Business combination agreement with IQM Finland Oy announced on February 22, 2026, expected to close in Q3 2026.
- Q1 2026 net income was $1,218,294, compared to a net loss of $52,849 in Q1 2025.
- Basic and diluted net income per Class A ordinary share was $0.05 for Q1 2026.
- Net earnings on marketable securities in Trust Account totaled $1,458,072 in Q1 2026.
- Cash and cash equivalents decreased to $838,494 as of March 31, 2026, from $1,077,837 at December 31, 2025.
- Marketable securities in Trust Account increased to $178,582,603 as of March 31, 2026, from $177,124,457.
- Total liabilities decreased to $7,001,425 as of March 31, 2026, from $7,041,404.
- Accumulated deficit increased to $(6,072,554) as of March 31, 2026, from $(5,832,702).
Price Impact
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