IQM Finland Oy, a developer of full-stack superconducting quantum computers, and Real Asset Acquisition Corp. have announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement related to their proposed business combination, marking a significant milestone in IQM’s path toward becoming a publicly traded company.
The registration statement on Form F-4, which pertains to the previously announced merger agreement between IQM and the special purpose acquisition company (SPAC), became effective on June 5, 2026. The companies also confirmed that an extraordinary general meeting of RAAQ shareholders to vote on the transaction is scheduled for June 25, 2026. Proxy materials have been distributed to shareholders of record as of June 3.
Upon completion of the transaction, IQM intends to list its American Depositary Shares on the Nasdaq Global Market under the proposed ticker symbol “IQMX.” The company also plans to seek admission for trading on Nasdaq Helsinki under the same symbol, further expanding its access to international capital markets.
Headquartered in Finland with major operations in Munich, IQM has established itself as one of Europe’s leading quantum computing companies. The company develops open-architecture quantum computers that can be deployed on customer premises or accessed through cloud-based platforms. Its vertically integrated operating model spans quantum chip design, software development tools, fabrication, assembly, and data center infrastructure, enabling tighter control over product development and deployment.
IQM reported audited revenue of €31 million (approximately $36 million) for 2025 and disclosed that it has sold 23 quantum computers, with 18 systems already delivered to customer sites. The company says these figures represent one of the largest publicly disclosed deployment records among selected quantum computing firms.
The planned public listing comes as interest in quantum computing continues to grow among governments, research institutions, and enterprises seeking next-generation computing capabilities. Industry participants view the technology as a potential enabler for solving highly complex problems across fields including materials science, cybersecurity, optimization, and advanced simulations.
The business combination is expected to close following shareholder approval and the satisfaction of customary closing conditions outlined in the registration statement.
