Business UpdateJun 9, 2026, 06:06 AM
RAAQ and IQM Announce Registration Statement Effectiveness for Business Combination
AI Summary
Real Asset Acquisition Corp. (RAAQ) and IQM Finland Oy announced that the SEC has declared effective their Registration Statement on Form F-4 for a proposed business combination, which will result in IQM becoming a publicly traded company. The Extraordinary General Meeting for RAAQ shareholders to vote on the transaction is scheduled for June 25, 2026. IQM reported EUR 31 million in revenue for 2025 and intends to list on the Nasdaq Global Exchange under the ticker "IQMX".
Key Highlights
- Real Asset Acquisition Corp. (RAAQ) and IQM Finland Oy announced the effectiveness of their Registration Statement on Form F-4 for a business combination.
- The Extraordinary General Meeting for RAAQ shareholders to vote on the business combination is scheduled for June 25, 2026.
- IQM Quantum Computers reported EUR 31 million (USD 36 million) in audited revenue for 2025.
- IQM has sold 23 quantum computers, with 18 delivered to customer premises.
- IQM intends to list its American Depositary Shares on the Nasdaq Global Exchange under the ticker symbol "IQMX" post-combination.
Price Impact
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