Real Asset Acquisition Corp. reported that IQM Finland Oy and RAAQ have publicly filed a Form F-4 registration statement for their proposed business combination, which would result in IQM becoming a publicly traded company. The deal implies a pre-money equity valuation for IQM of about USD 1.8 billion and is expected to fund the company with multiple capital sources. IQM anticipates access to approximately USD 175 million from RAAQ’s trust account assuming no redemptions, about USD 134 million from a PIPE financing at USD 10.00 per share, and an expected USD 24 million from cash exercise of IQM warrants, plus existing cash of USD 172 million. IQM plans to list American Depositary Shares on Nasdaq under the ticker “IQMX” and seek a dual listing on Nasdaq Helsinki, while existing IQM shareholders will not sell shares and have agreed to lock-up commitments, subject to shareholder approvals and customary closing conditions.
Real Asset Acquisition Corp. reporting that AQR Capital Management entities beneficially own 805,182 Class A ordinary shares, representing 4.67% of the class. The filing shows shared voting and shared dispositive power over those shares across AQR Capital Management, AQR Capital Management Holdings, and AQR Arbitrage.
The filing is dated and signed 05/13/2026 and identifies the Class A shares by CUSIP G73944103.
Real Asset Acquisition Corp. and IQM Finland Oy announced that IQM has confidentially submitted a draft registration statement on Form F-4 to the SEC for their proposed business combination, a step toward IQM becoming a publicly traded company.
The closing of the transaction, which is expected in mid-2026, is subject to RAAQ shareholder approval, the Form F-4 being declared effective, and other customary conditions. IQM is described as a global leader in full-stack superconducting quantum computers with a vertically integrated model and more than 350 employees across Europe, Asia and North America.
Real Asset Acquisition Corp. filed an 8-K describing its proposed business combination with IQM Finland Oy, a builder of full‑stack superconducting quantum computers, which will result in IQM becoming a publicly traded company via American Depositary Shares on a major U.S. exchange. The deal is presented at a $1.8 billion pre‑money valuation, backed by a $134 million PIPE, and management indicated IQM still holds more than $170 million from its 2025 Series B round, targeting about $480 million of cash at closing when including the SPAC trust. On the call, IQM highlighted an assumed $35 million in 2025 revenue and over $100 million in bookings, more than 30 quantum computers built with over 20 sold and 15 delivered, and a team of 300‑plus employees across Europe, the U.S. and Asia. The filing also furnishes a joint press release and full investor call transcript, plus extensive forward‑looking and risk disclosures tied to the transaction and IQM’s early‑stage quantum computing business.
Real Asset Acquisition Corp. announced a definitive business combination agreement with IQM Finland Oy, under which RAAQ will merge into an IQM subsidiary and IQM will become a U.S.-listed public company using American depositary shares. Each RAAQ Class A share will be exchanged for one IQM ADS, and all RAAQ warrants will become IQM warrants exercisable at $11.50 per share. The deal is backed by PIPE subscription agreements for about 13.4 million IQM ADSs at $10.00 per ADS, raising roughly $134 million alongside RAAQ’s trust cash, subject to a $150 million minimum aggregate proceeds condition. IQM shareholders and RAAQ insiders have also signed voting, support and lock-up agreements, and the sponsor agreed to forfeit 1,375,000 Class B shares and up to 3,725,000 warrants depending on remaining trust funds.