RAAQ & IQM Publicly File Form F-4 for $1.8B Quantum Computing SPAC Merger
RAAQ sits 18% above its 52-week low of $9.62.
Summary
Real Asset Acquisition Corp. and IQM Finland Oy announced the public filing of their Form F-4 registration statement with the SEC, a critical step towards completing their $1.8 billion SPAC merger.
Key Events · M&A and Partnerships · RAAQ
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Public Filing of Form F-4
Real Asset Acquisition Corp. (RAAQ) and IQM Finland Oy publicly filed their Form F-4 registration statement with the SEC, a key milestone for their business combination.
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Transaction Valuation
The proposed merger values IQM at a pre-money equity valuation of approximately $1.8 billion.
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Significant Capital Infusion
The transaction is expected to provide IQM with up to $465 million in cash, including proceeds from RAAQ's trust, a $134 million PIPE financing, and warrant exercises.
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Nasdaq Listing Plans
IQM intends to list its American Depositary Shares on the Nasdaq Global Exchange under the ticker 'IQMX' and apply for a dual listing on Nasdaq Helsinki.
Analysis · RAAQ · Real Estate & Construction
This filing provides comprehensive details about the proposed business combination between the SPAC and quantum computing firm IQM, including financial information and the terms of the deal. The public F-4 is essential for RAAQ shareholders to evaluate and vote on the merger, which is expected to provide IQM with up to $465 million in capital, significantly advancing its technology and commercial development.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RAAQ was trading at $11.39 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $263.6M. The 52-week trading range was $9.62 to $11.49. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.