Editorial

IQM Upsizes PIPE to $146 Million Ahead of Nasdaq Listing via SPAC Merger

2 Jun/via Editorial (18 references)

Finnish quantum computing firm IQM has successfully upsized its PIPE investment to $146 million, bolstered by a new commitment from Finnish pension provider Ilmarinen, as it prepares for a Nasdaq listing through a SPAC merger with Real Asset Acquisition Corp.

•IQM and Real Asset Acquisition Corp. (RAAQ) announced an upsized $146 million Private Investment in Public Equity (PIPE) deal, exceeding the previously stated $134 million, with a significant new commitment from Finnish pension insurer Ilmarinen.
•This funding round, which values IQM at $1.8 billion pre-money in the RAAQ SPAC combination, includes participation from institutional investors and positions the company for its planned Nasdaq listing.
•The substantial capital infusion is set to accelerate IQM's roadmap for developing superconducting quantum processors and expanding its global reach, as the company aims to cater to increasing demand for quantum solutions across various sectors.

Original Sources

thequantuminsider.com

IQM and Real Asset Acquisition Corp. Announce Upsized $146 Million PIPE with New Commitment from Ilmarinen

quantumspectator.com

IQM, Real Asset Acquisition upsize fundraise with US$146 million from Ilmarinen

stocktitan.net

IQM and RAAQ boost PIPE to over $146M | RAAQ 8-K Filing

iqm.tech

IQM, a Global Leader in Quantum Computing, and Real Asset Acquisition Corp. Announce Upsized USD 146 million PIPE with New Commitment from Ilmarinen - IQM Quantum Computers

sec.gov

https://sec.gov/Archives/edgar/data/2052161/000121390026064160/ea029316401ex99-1.htm

quantum-computing.news

IQM and Real Asset Acquisition Corp. Upsize PIPE Financing – Quantum Computing News

pulse2.com

IQM Raises $146 Million PIPE Ahead Of Public Listing Through SPAC Merger - Pulse 2.0

siliconrepublic.com

IQM raises PIPE to $146m with Finnish pension fund backing - Silicon Republic

businesswire.com

IQM, a Global Leader in Quantum Computing, and Real Asset Acquisition Corp. Announce Upsized USD 146 million PIPE with New Commitment from Ilmarinen - Business Wire

tipranks.com

IQM Upsizes PIPE to $146 Million Ahead of Planned Nasdaq Listing via RAAQ Merger - TipRanks

quantumzeitgeist.com

IQM Valued At $1.8B Pre-Money In RAAQ SPAC Combination - Quantum Zeitgeist

tradingview.com

Real Asset Acquisition and IQM secure >$146M PIPE with new Ilmarinen commitment - TradingView

eagletribune.com

IQM, leader mondial de l’informatique quantique, et Real Asset Acquisition Corp. annoncent le relèvement de leur PIPE à 146 millions de dollars, avec un nouvel engagement d’Ilmarinen - Eagle-Tribune

datacenterdynamics.com

IQM adds financial commitment from Ilmarinen to its PIPE ahead of SPAC merger - Data Center Dynamics

hpcwire.com

IQM Secures Additional PIPE Investment to Advance Fault-Tolerant Quantum Roadmap

quantumcomputingreport.com

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

briefglance.com

IQM Secures $146M PIPE Boost with Ilmarinen Backing Ahead of Nasdaq Listing

cooley.com

IQM Announces Merger With Real Asset Acquisition Corp., Concurrent PIPE Financing

Companies in this Story

IQM Finland

subject

Espoo•Quantum

Founded

2018

Team

194

Funding

€524.4M

IQM delivers on-premise quantum computers and builds quantum computers for research laboratories and supercomputing centers. IQM fosters quantum ecosystems and helps industries gain competitive advantage through quantum. IQM has a diverse product portfolio in the market.

Company Revenue Growth

Historical revenue trajectory for mentioned companies

IQM Finland€17M

Investors in this Story

Ilmarinen Mutual Pension Insurancesubject

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