Terra Quantum and Axiom Intelligence Acquisition Corp 1 Announce Definitive Business Combination Agreement at a $3.5 Billion Equity Valuation

Insider Brief

Terra Quantum agreed to merge with special purpose acquisition company Axiom Intelligence Acquisition Corp 1 in a deal that values the Swiss quantum technology company at approximately $3.5 billion in equity value and could provide up to $190 million in gross proceeds.

The combined company is expected to trade on Nasdaq under the ticker “TQ” and will continue operating under the Terra Quantum name with headquarters in St. Gallen, Switzerland.

Terra Quantum said it plans to use public market access and potential new financing to expand research and development, enterprise sales, quantum security offerings, strategic partnerships, and international operations across North America, Europe, the Middle East, and Asia-Pacific.

PRESS RELEASE — Terra Quantum AG (“Terra Quantum” or the “Company”), a global leader in quantum technologies, quantum security, and AI-driven optimization solutions, and Axiom Intelligence Acquisition Corp 1 (“Axiom”) (NASDAQ: AXINU), a publicly traded special purpose acquisition company, today announced the execution of a definitive Business Combination Agreement (“BCA”) that will result in Terra Quantum becoming a publicly listed company.