REAL ASSET ACQUISITION A

Finnish quantum-computing pioneer IQM intends to go public in the US through a merger with the SPAC Real Asset Acquisition Corp. The move is meant to provide IQM with fresh capital and access to the US capital market; details on valuation and timing were not disclosed. » More on finanzen.net

Finnish quantum computing specialist IQM will go public in the US through a merger with the SPAC Real Asset Acquisition and is targeting a listing via American Depositary Shares; a dual listing in Helsinki is being considered in parallel. The transaction values IQM at about $1.8 billion pre‑money and is expected to bring more than $450 million of liquidity to the balance sheet upon closing, in part from PIPE proceeds and existing cash. Existing shareholders will not sell shares and have agreed to lock‑up periods; closing is still subject to shareholder approval and other regulatory conditions. » More on finanzen.net

IQM Quantum Computers will merge with Nasdaq-listed SPAC Real Asset Acquisition at a pre-money equity valuation of about $1.8bn, with American Depositary Shares expected to list on a major US exchange and a potential secondary listing in Helsinki. The combined entity is projected to hold over $450m in cash from SPAC trust funds, a $134m PIPE, warrant exercises and IQM’s existing cash to fund R&D, product development and commercial scaling. IQM, headquartered in Espoo, has deployed more than 15 systems, reported unaudited expected revenue of at least $35m for fiscal 2025 and booking visibility above $100m, and plans next-generation rollouts under its Halocene platform while claiming gate fidelities above 99.9%. Closing is subject to shareholder approvals and customary conditions; existing IQM shareholders will remain locked up and will not sell shares at closing. » More on finance.yahoo.com