MergerMay 26, 2026, 04:53 PM
Terra Quantum to go public via SPAC merger with Axiom at $3.5B valuation
AI Summary
Axiom Intelligence Acquisition Corp 1 (SPAC) and Terra Quantum AG, a global leader in quantum technologies, announced a definitive Business Combination Agreement. This transaction will result in Terra Quantum becoming a publicly listed company, expected to trade on Nasdaq under the ticker symbol "TQ". The deal values Terra Quantum at an equity value of approximately $3.5 billion and is anticipated to close in the second half of 2026.
Key Highlights
- Axiom Intelligence Acquisition Corp 1 and Terra Quantum AG entered into a definitive Business Combination Agreement.
- Terra Quantum is valued at an equity value of approximately $3.5 billion.
- The combined company is expected to trade on Nasdaq under the ticker symbol "TQ".
- Existing Terra Quantum shareholders will roll 100% of their equity, owning approximately 92% of the combined company.
- The transaction is expected to deliver up to approximately $190 million of gross proceeds to the combined company.
- The transaction is targeted to close in the second half of 2026, subject to customary approvals.
Price Impact
More from AXIN