Quantum Computing Firm IQM to Go Public via Merger with Real Asset Acquisition
Real Asset Acquisition Corp will merge with IQM to create Europe’s first publicly traded quantum computing company, enabling IQM to list without a traditional IPO. The transaction provides IQM with additional capital to scale its superconducting quantum processor platform for research and commercial applications.
1. Merger Agreement
Real Asset Acquisition Corp and IQM have signed a definitive agreement to combine, taking IQM public through a business combination. Upon closing, IQM shareholders will roll their equity into the merged entity while Real Asset Acquisition Corp shareholders maintain a majority voting stake.
2. Strategic Rationale
The merger establishes Europe’s first publicly traded quantum computing company, positioning IQM to accelerate development of its superconducting quantum processors. The combined firm will deepen collaborations with research institutions and pursue commercial deployments across industrial and scientific markets.
3. Funding and Capital Structure
The SPAC’s trust, holding hundreds of millions in cash, together with committed PIPE financing, will fund IQM’s R&D and manufacturing scale-up. Existing IQM investors will rollover equity, creating a pro forma capital structure balanced between legacy backers and new institutional stakeholders.
4. Timeline and Listing
The transaction is expected to close in mid-2026, pending shareholder approval and regulatory review. After closing, the combined company will list on NASDAQ under IQM’s name and commence public trading.