Munemori Eduardo 4

What Happened

• Eduardo Munemori, a director of Real Asset Acquisition Corp. (RAAQ), executed conversions of derivative securities and a disposition of shares on July 1, 2026 in connection with RAAQ's business combination with IQM.
• The filing shows two conversions of 25,000 derivative shares (one conversion reported at $0.00) and a disposition to the issuer of 25,000 shares. Reported prices/proceeds are $0.00 or N/A, indicating these were corporate reorganization transactions rather than open-market sales for cash.

Key Details

• Transaction date: July 1, 2026 (reported on Form 4 filed July 16, 2026).
• Reported transactions: Conversion of derivative security — 25,000 shares (C); Disposition to issuer — 25,000 shares (D); Conversion of derivative security — 25,000 shares at $0.00 (C, derivative).
• Reported price/proceeds: $0.00 or N/A — no cash proceeds reported from these transactions.
• Shares owned after transaction: Not specified on this Form 4; the filing indicates holdings were converted/exchanged pursuant to the business combination.
• Filing timeliness: Form 4 was filed July 16, 2026 for transactions on July 1, 2026 (appears to be filed after the typical 2-business-day Form 4 deadline).

Context

• Footnotes explain these actions were part of the closing of RAAQ’s initial business combination with IQM (the BCA dated Feb 22, 2026). On the closing date, Class B ordinary shares were converted to Class A on a 1:1 basis, and then Class A shares were cancelled and exchanged for IQM ordinary shares on a 1:1 basis. In short, the movements reflect corporate share conversions/exchanges tied to the merger—not a market sale for cash.
• For retail investors: this is a corporate reorganization event. It does not necessarily reflect a personal purchase or routine cash sale by the insider.