---
title: "Real Asset Acquisition Corp - Unit | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286609723.md"
datetime: "2026-05-15T20:23:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286609723.md)
  - [en](https://longbridge.com/en/news/286609723.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286609723.md)
generator: "portal-rs"
---

# Real Asset Acquisition Corp - Unit | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD 0.05.

EBIT: As of FY2026 Q1, the actual value is USD -1.715 M.

REAL ASSET ACQUISITION CORP. operates as a single reportable segment, with its activities primarily focused on its Initial Public Offering (IPO) and identifying a target for a Business Combination, thus having not generated operating revenues to date . The company anticipates generating non-operating income from interest on marketable securities held in its Trust Account .

#### Operational Metrics

-   **Net Income (Loss)**
    -   For the three months ended March 31, 2026, the Company reported a net income of $1,218,294 .
    -   For the three months ended March 31, 2025, the Company reported a net loss of - $52,849 .
-   **General and Administrative Expenses**
    -   General and administrative expenses for the three months ended March 31, 2026, were $248,185 .
    -   For the three months ended March 31, 2025, these expenses were $52,849 .
    -   The significant increase in 2026 was primarily attributed to incremental operational costs following the IPO, including monthly Sponsor fees, accounting, audit fees, and due diligence activities for the initial Business Combination .

#### Cash Flow

-   **Cash Flow from Operating Activities**
    -   Net cash used in operating activities was - $239,343 for the three months ended March 31, 2026 . This figure includes adjustments for net income of $1,218,294 and earnings on marketable securities in the Trust Account of - $1,458,072, with changes in operating assets and liabilities providing $435 in cash .
    -   Net cash used in operating activities was $0 for the three months ended March 31, 2025 .

#### Unique Metrics

-   **Investment Earnings**
    -   Net earnings on marketable securities held in the Trust Account were $1,458,072 for the three months ended March 31, 2026 .
    -   Net earnings on cash equivalents held in the operating account were $8,407 for the same period .
-   **Liquidity and Capital Resources**
    -   As of March 31, 2026, the Company had cash and cash equivalents of $838,494 and a working capital surplus of $822,694 .
    -   The Company does not anticipate needing to raise additional funds for operating expenditures post-IPO . However, it acknowledges a potential need for further financing if Business Combination costs exceed estimates or if significant public share redemptions occur .

#### Future Outlook and Strategy

Management’s core focus is on completing the Business Combination with IQM Finland Oy by the third quarter of 2026, utilizing funds in the Trust Account and managing operational costs to ensure capital availability . A significant challenge is the mandatory liquidation date of January 30, 2027, which raises substantial doubt about the Company’s ability to continue as a going concern if the Business Combination is not consummated by then .

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**