KQC Quantum and Charlton Aria agree on deal to take quantum company public
CHAR•KQC Quantum and Charlton Aria Acquisition Corp. announced a definitive business combination agreement to take KQC public on Nasdaq. The deal values KQC at $80 million before investment and implies a $215 million pro forma equity value, with a $30 million minimum cash condition.
1. Deal terms
The combined company is expected to list on Nasdaq. The agreement values KQC at $80 million in pre-money equity value, or $11 per share, and implies a pro forma equity value of $215 million. Charlton Aria shareholders will receive one KQC share for each Class A ordinary share, subject to a minimum cash condition of $30 million.
