RAAQ Announces Definitive Merger with Quantum Computing Leader IQM, Valuing IQM at $1.8B and Securing Over $450M in Capital

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This filing details the definitive business combination agreement between Real Asset Acquisition Corp. (RAAQ) and IQM Finland Oy, a global leader in quantum computing. The transaction values IQM at a pre-money equity valuation of approximately $1.8 billion, a substantial figure relative to RAAQ's market capitalization. The merger is expected to provide IQM with over $450 million in cash, including $175 million from RAAQ's trust (assuming no redemptions) and a $134 million PIPE financing at $10.00 per share. This significant capital infusion is intended to accelerate IQM's technology and commercial development. The deal also includes a sponsor forfeiture of shares and warrants, which is generally favorable for public shareholders by reducing potential dilution. This is a transformational event for RAAQ, marking the completion of its SPAC purpose by merging with a high-growth technology company.

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• Definitive Business Combination

  Real Asset Acquisition Corp. (RAAQ) has entered into a definitive business combination agreement to merge with IQM Finland Oy, a global leader in quantum computing.

• High Valuation

  The transaction values IQM Finland Oy at a pre-money equity valuation of approximately $1.8 billion.

• Significant Capital Raise

  The merger is expected to provide IQM with over $450 million in cash, including $175 million from RAAQ's trust account (assuming no redemptions) and a $134 million PIPE financing at $10.00 per share.

• Sponsor Forfeiture

  RAAQ's sponsor will forfeit 1,375,000 Class B Ordinary Shares and up to 3,725,000 warrants, reducing potential dilution for public shareholders.

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This filing details the definitive business combination agreement between Real Asset Acquisition Corp. (RAAQ) and IQM Finland Oy, a global leader in quantum computing. The transaction values IQM at a pre-money equity valuation of approximately $1.8 billion, a substantial figure relative to RAAQ's market capitalization. The merger is expected to provide IQM with over $450 million in cash, including $175 million from RAAQ's trust (assuming no redemptions) and a $134 million PIPE financing at $10.00 per share. This significant capital infusion is intended to accelerate IQM's technology and commercial development. The deal also includes a sponsor forfeiture of shares and warrants, which is generally favorable for public shareholders by reducing potential dilution. This is a transformational event for RAAQ, marking the completion of its SPAC purpose by merging with a high-growth technology company.