RAAQ Completes Merger with IQM Quantum Computers
Real Asset Acquisition Corp. (RAAQ) announced the completion of its business combination with IQM Quantum Computers Oyj (IQM) on July 1, 2026. As a result, RAAQ merged into IQM US LLC, an indirect wholly-owned subsidiary of IQM, with IQM becoming the reporting entity. The transaction involved the exchange of RAAQ shares for IQM ADSs and the assumption of RAAQ warrants by IQM. Concurrently, IQM secured approximately $145 million through a PIPE investment, and RAAQ's sponsor forfeited a portion of its founder shares and private placement warrants.
Key Highlights
- Real Asset Acquisition Corp. (RAAQ) completed its business combination with IQM Quantum Computers Oyj (IQM) on July 1, 2026.
- RAAQ merged into IQM US LLC, an indirect wholly-owned subsidiary of IQM.
- RAAQ Class A Ordinary Shares were exchanged for American Depositary Shares (ADSs) of IQM.
- RAAQ Warrants were assumed by IQM, becoming IQM Warrants.
- IQM raised approximately $145 million through a PIPE investment, selling 14.5 million shares/ADSs at $10.00 each.
- RAAQ Sponsor LLC forfeited 1,375,000 Founder Shares and up to 3,725,000 Private Placement Warrants.
- IQM had 262,462,360 fully paid IQM Shares as of the closing date.
- A Registration Rights Agreement and a Warrant Assignment, Assumption and Amendment Agreement were executed.
Price Impact
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