IQM and Real Asset Acquisition Corp. Announce Business Combination to Accelerate Quantum Computing Leadership

Key Highlights

• IQM Finland Oy, a global leader in superconducting quantum computers, and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement.
• The transaction will result in IQM becoming a publicly traded company on a leading U.S. stock exchange via American Depositary Shares (ADS).
• IQM is also considering a dual listing on the Helsinki Stock Exchange, which is expected to take place after completion of the transaction.
• The combination aims to accelerate IQM’s progress toward fault-tolerant quantum computing, strengthen its market position, and provide significant funding for R&D and commercial operations.
• A conference call/webcast for investors is scheduled, and a transcript will be filed with the SEC.

Details of the Proposed Transaction

On February 23, 2026, IQM and RAAQ agreed to a business combination that will see IQM list ADS on a leading U.S. stock exchange. This move is designed to provide the necessary capital to expedite the company’s efforts in quantum technology, specifically targeting fault-tolerant quantum computing—a critical milestone for the industry. The transaction is expected to further solidify IQM’s position as a global quantum computing leader.

Investors should note that IQM is also evaluating a dual listing of its ordinary shares on the Helsinki Stock Exchange, potentially broadening its investor base and increasing liquidity.

About IQM Quantum Computers

• IQM has built a vertically integrated, full-stack quantum computing platform, offering both on-premises and cloud-based access.
• The company’s proprietary infrastructure covers everything from chip design and fabrication to software development and system deployment.
• IQM has over 300 employees and a significant global footprint, with offices and operations in France, Germany, Italy, Japan, Poland, Saudi Arabia, Spain, Singapore, South Korea, Taiwan, the UK, and the United States.
• Its customers include leading high-performance computing centers, research labs, universities, and enterprises demanding robust quantum solutions.

About Real Asset Acquisition Corp. (RAAQ)

• RAAQ is a Nasdaq-listed SPAC focused on mergers, asset acquisitions, share exchanges, and similar business combinations.
• The team includes seasoned quantum computing experts with deep technical and industry experience.

Key Information for Shareholders

• Shareholder Vote Required: The proposed business combination is subject to approval by RAAQ shareholders at an extraordinary general meeting. Materials, including a proxy statement and prospectus, will be mailed to shareholders after SEC review.
• SEC Filings: IQM will file a registration statement (Form F-4) with the SEC, including details on the combination. Shareholders and investors are urged to read all related filings carefully, once available, at www.sec.gov.
• Potential for Share Price Movement: The transaction could materially affect RAAQ’s share price due to its transformative impact on IQM’s business prospects, market access, and funding profile.
• Forward-Looking Statements: The announcement contains forward-looking statements regarding market opportunity, product commercialization, strategic partnerships, and the expected benefits of the transaction. These are subject to significant risks and uncertainties.

Risks and Considerations

• The quantum computing market is in an emerging, highly technical stage; IQM faces significant commercialization and adoption risks.
• IQM has a history of net losses and a limited operating history. Future financial performance, capital requirements, and ability to scale remain uncertain.
• Shareholder and regulatory approvals are required. If these are delayed or not obtained, the transaction may not proceed as planned.
• There is a risk that RAAQ shareholders may redeem their shares, reducing available cash for the combined company.
• Legal proceedings, regulatory investigations, or failure to realize anticipated synergies could negatively impact the new entity.
• IQM’s ability to access new capital, maintain intellectual property, and manage growth will be critical to long-term success.

Next Steps and Investor Actions

• Investors can access the conference call/webcast and presentation related to the transaction at https://meetiqm.com/investors/.
• A transcript of the call will be filed with the SEC for public access.
• Shareholders should monitor IQM and RAAQ’s filings for updates about the combination, risk factors, and the timing of shareholder votes.

Contact Information

Media: Michael Bruce, PR Manager, [email protected]
Investors: Blair Robertson, VP Strategy, [email protected]

Important Legal Notices

• This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction where such offer or sale would be unlawful.
• Securities may only be offered by means of a prospectus meeting the requirements of the Securities Act of 1933 or exemptions therefrom. Any potential dual listing in Helsinki would require a prospectus under EU regulations.
• No securities regulatory authority has approved or endorsed the merits or accuracy of the information herein; any representation to the contrary is a criminal offense.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated. Investors should review all available filings and consult professional advisors before making any investment decisions.

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