Draft Registration Statement Submitted to SEC
IQM Finland Oy, a global leader in superconducting quantum computers, and Real Asset Acquisition Corp., a special purpose acquisition company listed on Nasdaq, have announced the confidential submission of a draft registration statement to the SEC. This submission marks a key milestone towards their proposed business combination, which aims to make IQM a publicly traded company.
The completion of this business combination requires approval from RAAQ shareholders and the SEC, along with satisfying other customary closing conditions. The transaction is anticipated to close in mid-2026, potentially making IQM the first publicly listed European quantum company on a major U.S. stock exchange.
IQM was founded in 2018 and is headquartered in Finland. The company operates a vertically integrated business model, which includes proprietary infrastructure such as their own chip design tool, a quantum chip fabrication facility, and a data center. This setup enables IQM to accelerate innovation cycles and deliver state-of-the-art quantum computing solutions to clients across Europe, Asia, and North America.
The company’s unique deployment model provides research institutions, universities, high-performance computing centers, and national laboratories worldwide with direct ownership and control of their quantum infrastructure. As a result, IQM supports the growth of the quantum ecosystem.
IQM’s future plans include a potential dual listing on the Helsinki Stock Exchange, further solidifying its presence in the European market. With over 350 employees, IQM continues to lead the quantum computing sector by expanding its reach and enhancing its technological offerings.
RAAQ will mail the definitive proxy statement and prospectus to its shareholders once the SEC declares the Registration Statement effective. This process will facilitate the voting at the extraordinary general meeting, ensuring stakeholders are informed about the proposed business combination.
IQM operates across Europe, Asia, and North America, serving diverse clients globally. The company delivers full-stack quantum systems and cloud platform access to major research institutions and high-performance computing centers. These efforts contribute to advancing quantum technology internationally.
