NEAL ROBERT 4

What Happened Neal Robert, a director of Real Asset Acquisition Corp. (RAAQ), disposed of 25,000 RAAQ shares on July 1, 2026. The filing shows related entries for conversion of derivative securities and a disposition to the issuer; no cash proceeds were reported (one conversion listed at $0.00). These actions occurred as part of RAAQ’s closing of its business combination with IQM Quantum Computers Oyj.

Key Details

• Transaction date: July 1, 2026 (reported on Form 4 filed July 16, 2026).
• Reported transactions: conversion(s) of derivative security and a disposition to the issuer, each showing 25,000 shares (reported across related entries).
• Price/value: no cash proceeds reported; one conversion entry lists $0.00.
• Shares owned after transaction: not stated in the filing.
• Footnotes: F1 — On the closing date each Class B RAAQ share converted into a Class A share one-for-one. F2 — Each Class A share was then cancelled and exchanged for IQM ordinary shares one-for-one under the Business Combination Agreement.
• Timeliness: The Form 4 was filed 15 days after the transaction (Form 4s are normally due within 2 business days), so the filing appears late.

Context These entries reflect corporate reclassification and exchange actions tied to the business combination (not an open-market sale). The director did not report receiving cash proceeds — the RAAQ shares were converted/cancelled and exchanged for IQM shares under the merger agreement. Such conversion/exchange transactions are procedural steps in a SPAC/business-combination closing rather than straightforward buy or sell signals.