Terra Quantum agreed to merge with Axiom’s SPAC in a deal valuing the company at about $3.5 billion equity.
Key Highlights:
- Definitive Business Combination Agreement signed; transaction will make Terra Quantum a Nasdaq-listed public company under ticker TQ.
- Deal implies approximately $3.5B equity value and ~ $3.6B pro forma enterprise value assuming no redemptions.
- Existing Terra Quantum shareholders to roll 100% equity and expected to own ~92% of combined company; Axiom holders ~8% (no redemptions assumed).
- Transaction expected to deliver up to ~$190M gross proceeds from Axiom’s trust (assuming no redemptions); PIPE or other financing may be sought.
- Target close in H2 2026, subject to shareholder approval, SEC registration effectiveness, customary closing conditions and Nasdaq listing approval.
Original SEC Filing:
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