Real Asset Acquisition Corp
RAAQ—
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Real Asset Acquisition Corp AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue SPAC trading at 1.39x book value (235.3M market cap vs 169.7M equity) - premium reflects deal speculation only[P/B Ratio]
- Net income of 1.7M TTM entirely from 1.8M gain on securities sale - no operating business exists[Gain on Sale of Security]
- Cash of 1.2M vs 143K current liabilities but trust assets of 176.8M total - typical SPAC structure[Cash and Equivalents]
Watch Triggers
- Total Revenue: Any value > 0 — Signals business combination completed - fundamental analysis then possible
- Cash and Equivalents: Drops below 500K — Operating cash runway shrinking; may force rushed deal or liquidation
- P/B Ratio: Falls below 1.0 — Market pricing in failed deal or redemption scenario
Bull Case
Trading 39% above book suggests market expects value-accretive deal; downside protected by $7.38 liquidation floor
P/B RatioBook Value Per ShareTangible Book Value
Zero debt (0.0 D/E) and clean balance sheet provides flexibility for any acquisition structure
Debt to EquityTotal Equity
Bear Case
39% premium to book evaporates on liquidation; G&A burn of 122K annually erodes trust value while waiting
P/B RatioGeneral and Administrative Expense
Volume of 253 shares indicates extreme illiquidity - exiting position at scale impossible
Volume
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
SPAC outcome binary: successful merger or liquidation at ~$7.38/share book value
3-12mhigh
- No operating business to analyze
- Trust value sets floor near book
- Deal announcement is sole catalyst
Book value per share $7.38 TTMZero revenue, zero operating margin169.7M tangible book value
Valuation Context
Caveats
RAAQ Fundamentals
Management of Companies and Enterprises → Management of Companies and Enterprises
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$267.03M | — | ||
$266.19M | — | ||
38 | — | ||
$0 | — | ||
$0.30 | — | ||
0% | — | ||
0% | — | ||
$-224,510 | — | ||
6.40% | — | ||
Beta 5Y (Monthly) | unknown | — |
RAAQ Dividend History
No dividends
RAAQ Stock Splits
No stock splits
RAAQ SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/15/26 | 03/31/26 | 10-Q | |
03/03/26 | 12/31/25 | Unknown | |
11/14/25 | 09/30/25 | 10-Q | |
08/19/25 | 06/30/25 | 10-Q | |
06/12/25 | 03/31/25 | 10-Q |