Insider Brief
IQM secured an additional PIPE investment commitment from Ilmarinen, increasing funding beyond the previously announced $134 million PIPE tied to its planned merger with SPAC partner Real Asset Acquisition Corp. and public listing.
The additional capital is intended to support IQM’s technology and commercial expansion efforts as the company pursues fault-tolerant quantum computing and scales customer deployments.
IQM plans to list American Depositary Shares on Nasdaq and ordinary shares on the Helsinki Stock Exchange following completion of the transaction, while highlighting its vertically integrated approach spanning quantum chip design, fabrication, systems assembly, software, and cloud-accessible quantum computers.
IQM Finland Oy, a global leader in full-stack superconducting quantum computers (“IQM”, “IQM Quantum Computers” or the “Company”) and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company (“RAAQ”), today announced an additional PIPE commitment from Ilmarinen in connection with the previously announced business combination between IQM and RAAQ. Ilmarinen’s new commitment comes alongside commitments from other leading institutional investors in the previously announced USD 134 million PIPE.
