• IQM Finland OyandReal Asset Acquisition Corp.(Nasdaq: RAAQ) have entered into a definitive business combination agreement, positioning IQM as the first European quantum computing company to list on a U.S. • The transaction values IQM at a pre-money equity valuation of approximatelyUSD 1.8 billion. • Upon closing, the combined entity is expected to hold a cash position exceedingUSD 450 million, including USD 175 million from RAAQ’s trust account, USD 134 million from PIPE financing, and USD 172 million in existing cash reserves. • The company operates a vertically integrated model for superconducting quantum computers, maintaining an internal chip fabrication facility, assembly line, and quantum data center. • For the fiscal year 2025, IQM reported unaudited revenue of at least USD 35 million, with bookings and visibility exceeding USD 100 million. • Commercially, the company has sold 21 systems to 13 customers, including four of the world’s top ten supercomputing centers.

Article Summaries:

  • IQM Finland Oy has agreed to merge with Real Asset Acquisition Corp. (RAAQ) to become the first European quantum‑computing firm listed on a U.S. exchange. The deal values IQM at a pre‑money equity of about $1.8 billion and will leave the combined company with more than $450 million in cash, including $175 million from RAAQ’s trust account, $134 million from PIPE financing and $172 million in existing reserves. IQM, which builds and sells superconducting quantum computers, reported unaudited FY 2025 revenue of at least $35 million and has sold 21 systems to 13 customers, including four top‑ten supercomputing centers. The proceeds will fund development of fault‑tolerant architectures and expand on‑premises deployments, while the company considers a dual listing on the Helsinki exchange.
  • IQM Finland Oy and Real Asset Acquisition Corp. (Nasdaq: RAAQ) have entered into a definitive business combination agreement, positioning IQM as the first European quantum computing company to list on a U.S. stock exchange. The transaction values IQM at a pre-money equity valuation of approximately USD 1.8 billion. Upon closing, the combined entity is expected to hold a cash position exceeding USD 450 million, including USD 175 million from RAAQ’s trust account, USD 134 million from PIPE financing, and USD 172 million in existing cash reserves. The company operates a vertically integrated mode

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