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IQM, a Global Leader for Quantum Computing, to Become the First Listed European Quantum Company, Through Merger with Real Asset Acquisition Corp.
PRINCETON, N.J. & ESPOO, Finland, February 23, 2026--IQM Finland Oy, a global leader in full-stack superconducting quantum computers ("IQM", "IQM Quantum Computers" or the "Company"), and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company ("RAAQ"), today announced they have entered into a definitive business combination agreement, which will result in IQM becoming a public company and listing American Depositary Shares on one of the two leading U.S. stock exchange
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PRINCETON, N.J. & ESPOO, Finland, February 23, 2026--(BUSINESS WIRE)--IQM Finland Oy, a global leader in full-stack superconducting quantum computers ("IQM", "IQM Quantum Computers" or the "Company"), and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company ("RAAQ"), today announced they have entered into a definitive business combination agreement, which will result in IQM becoming a public company and listing American Depositary Shares on one of the two leading U.S. stock exchanges. The transaction provides funding with the aim to accelerate IQM’s technology and commercial development towards fault-tolerance quantum computing, further advancing its position as a leading provider of quantum computers. Headquartered in Finland, IQM is also considering a dual listing that would see the trading of IQM’s ordinary shares on the Helsinki stock exchange, which would be expected to take place following the completion of this transaction. IQM is a quantum computing company that builds full stack, open-architecture systems that can be deployed on-premise or accessed via the cloud. IQM operates a vertically integrated business model, boasting a unique combination of proprietary infrastructure from their own chip design tool and software developer platform, to a quantum chip fab, assembly line and data centre, allowing the company to accelerate its innovation cycles, deliver best-in-class quantum computing to its customers and enabling the quantum ecosystem to grow. Transaction Highlights: Following completion of the transaction, IQM’s cash on its balance sheet is expected to be in excess of USD 450 million cash at closing4 (including IQM’s existing cash), providing runway for continued broad commercial advantage: Jan Goetz, Co-Founder and Chief Executive Officer, IQM, said: "We built IQM from the beginning for one purpose — to put working quantum computers in the hands of the people who will use them to solve real problems. Not someday. Now. Quantum computing is a science project no more. It is an industry where customers own, operate, and build on advanced quantum computers. That’s what IQM makes possible." Peter Ort, Chief Executive Officer and Co-Chairman, Real Asset Acquisition Corp, said: "IQM has built and delivered more on-premises quantum systems than any other competit...