IQM Upsizes SPAC Merger PIPE Financing to $146 Million with Capital Commitment from Pension Insurer Ilmarinen - Quantum Computing Report

Skip to content

GQINewsNews – RecentNews Archive 2025News Archive 2024News Archive 2023News Archive 2022News Archive, 2021News Archive, 2020News Archive, 2019News Archive, 2018News Archive, 2015-2017AnalysisQnalysisPlayersPublic CompaniesPrivate/Startup CompaniesUniversitiesGovernment/Non-ProfitVenture CapitalVenture Capital – Sorted by Quantum CompanyResourcesConferencesToolsOther Websites and Industry AssociationsEducationBooksScorecardsGate Level Software PlatformsIBM Qiskit, Rigetti Forest, Microsoft QDK, Project QReview of the Cirq Quantum Software FrameworkQubit Implementation DashboardQubit CountQubit QualityQubit TechnologySoftware/Startup PartnersCloud Platform Hardware PartnersPodcastsAboutQCR Alerts Sign-Up FormAdvertising InquiriesQCR in the NewsContactPrivacy PolicyMembership

IQM Upsizes SPAC Merger PIPE Financing to $146 Million with Capital Commitment from Pension Insurer Ilmarinen

Espoo-based hardware developer IQM Finland Oy and special purpose acquisition company Real Asset Acquisition Corp. (Nasdaq: RAAQ) have reopened and upsized their Private Investment in Public Equity (PIPE) allocation to $146 million. The capital expansion is driven by a new institutional investment from Ilmarinen, one of Finland’s largest private earnings-related pension insurance companies, supplementing the previously secured $134 million anchor PIPE pool. The transaction maintains a pre-money equity valuation of $1.8 billion for the full-stack superconducting developer as it prepares to complete its reverse-triangular merger.