Fort Baker Capital Management LP Acquires 9.9% Stake in Real Asset Acquisition Corp. (RAAQ)

On May 15, 2026, Fort Baker Capital Management LP, alongside Steven Patrick Pigott and Fort Baker Capital, LLC, filed a Schedule 13G regarding their holdings in Real Asset Acquisition Corp. (RAAQ). The filing reveals that as of March 31, 2026, the reporting persons collectively acquired beneficial ownership of 1,719,359 Class A ordinary shares, representing 9.9% of the outstanding class. This position marks a significant increase from a previous holding of zero shares. Fort Baker Capital Management LP serves as the investment adviser, with Fort Baker Capital, LLC acting as the General Partner and Steven Patrick Pigott serving as the Chief Investment Officer. The shares are held with shared voting and dispositive power. The filing was made under Rule 13d-1(b), indicating the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. The calculation of ownership was based on 17,250,000 Class A ordinary shares outstanding as reported in the issuer's Form 10-K filed in March 2026.