Finland’s IQM Quantum Computers to Go Public via SPAC Merger at ~$1.8…

Team S · 2026-02-23T14:05:44.000Z

Finland-based IQM Quantum Computers, a leading developer of full-stack superconducting quantum computing systems, has agreed to go public in the United States through a merger with Real Asset Acquisition Corp. (RAAQ) a special purpose acquisition company (SPAC). The planned transaction will see IQM list American Depositary Shares on a major U.S. exchange and potentially pursue a dual listing on the Helsinki stock exchange. The deal values the company at approximately $1.8 billion pre-money as it aims to accelerate commercialisation of its quantum technology. The merger agreement outlines that IQM will receive significant funding as part of the business combination, expected to provide more than $450 million in cash at closing through a combination of trust proceeds, a concurrent private investment in public equity (PIPE) financing, warrant exercises, and existing cash reserves. The proceeds will support continued development toward fault-tolerant quantum computing and enable broader deployment of IQM’s vertically integrated quantum systems hardware and software that can be deployed on-premise or via the cloud. IQM has built a unique business model that spans its own chip design tools, quantum processor manufacturing, assembly, and data centre infrastructure positioning it as a key player in Europe’s quantum technology landscape. The company’s systems have been delivered to research institutions and enterprise customers, and it plans to use the SPAC merger capital to further strengthen its technology roadmap and commercial reach. Founded in 2018, IQM is headquartered in Espoo, Finland, and is recognised for advancing quantum computing technologies with high-fidelity superconducting processors and integrated software toolchains.

Member Login Get Access

Finland’s IQM Quantum Computers to Go Public via SPAC Merger at ~$1.8… | Newnex