Real Asset Acquisition, a blank check company led by Cambium Capital partner Peter Ort targeting sectors underpinned by real assets, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The Princeton, NJ-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-fourth 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.
Management is also behind Digital Asset Acquisition (DAAQU), which filed concurrently.
Real Asset Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol RAAQU. Cohen & Company Securities is the sole bookrunner on the deal.
