Real Asset Acquisition Corp. Completes Merger with IQM Quantum Computers, New Entity Begins Trading as IQMX

summarizeSummary

Real Asset Acquisition Corp. has completed its business combination with IQM Quantum Computers Oyj, with the new entity's shares and warrants now trading on Nasdaq under new tickers. The merger included a $145 million PIPE investment.

check_boxKey Events · M&A and Partnerships · RAAQ

• Business Combination Completed

  On July 1, 2026, Real Asset Acquisition Corp. (RAAQ) completed its merger with IQM Quantum Computers Oyj, with RAAQ merging into IQM US LLC, an indirect wholly-owned subsidiary of IQM Quantum Computers Oyj.

• Significant PIPE Investment

  IQM Quantum Computers Oyj sold approximately 14.5 million ordinary shares (including ADSs) at $10.00 per share in a private placement, raising an aggregate of approximately $145 million.

• New Nasdaq Listing

  IQM ADSs began trading on the Nasdaq Global Select Market under the symbol 'IQMX' and IQM Warrants began trading on the Nasdaq Capital Market under 'IQMX WS' on July 2, 2026.

• RAAQ Delisted and Deregistered

  RAAQ's Class A Ordinary Shares, Public Warrants, and Units were delisted from Nasdaq, with trading permanently suspended prior to the opening of trading on July 2, 2026.

auto_awesomeAnalysis · RAAQ · Real Estate & Construction

This filing reports the definitive closing of the business combination between Real Asset Acquisition Corp. (RAAQ) and IQM Quantum Computers Oyj, a quantum computing company. This marks a complete transformation for the company, with RAAQ ceasing to exist and the new entity, IQM Quantum Computers Oyj, now trading on Nasdaq. The successful completion of the merger, coupled with a substantial $145 million PIPE investment, provides significant capital for the combined entity and establishes its new market presence.