IQM Quantum Computers to Go Public via SPAC Merger

IQM Quantum Computers, a Finland-based quantum computing startup, announced its plan to go public through a merger with the Special Purpose Acquisition Company (SPAC) Real Asset Acquisition Corp The deal values IQM Quantum Computers at an initial equity valuation of $1.8 billion and is expected to be completed around June, pending shareholder and regulatory approvals. The merged entity's American Depositary Shares are anticipated to be listed on a major US stock exchange, with a potential dual listing on the Nasdaq Helsinki. This transaction is projected to provide IQM Quantum Computers with over $450 million in cash, including funds from Real Asset Acquisition Corp's trust account and private investment in public equity (PIPE) financing. IQM Quantum Computers, founded in 2018, has already sold 21 quantum systems to 13 customers and projects at least $35 million in revenue for fiscal year 2025. The company's CEO, Jan Goetz, emphasized the shift of quantum computing from a science project to an industry with real-world applications. The merger is expected to fuel IQM Quantum Computers' continued research, product development, and commercial scaling.