Date of article: February 23, 2026.

The piece highlights the legal and transactional complexity typical of large SPAC transactions in tech.

IQM, a Finnish quantum computing company, plans to go public via a merger with Real Asset Acquisition Corp., a Nasdaq-listed SPAC, valuing IQM at about $1.8 billion and leaving open a possible Nordic listing subject to approvals.

Proceeds from the transaction are intended to accelerate fault-tolerant quantum architectures and expand on-premises systems delivery to researchers and industry partners.

No specific dates, financial terms, or regulatory steps are provided in the excerpt; the summary captures the core announcement and context while noting the absence of detailed terms.

Forward-looking statements warn of uncertainties in commercializing quantum tech, regulatory and market risks, and the need for regulatory approvals and shareholder votes to close the deal.

IQM operates a fully vertically integrated model from chip design to data centers, offering open, modular software with pulse-level control and rapid delivery, having shipped 21 on-premise systems to 13 customers and generating over €35 million in revenue in 2025.

The overall risk profile also covers the ability to realize benefits from the merger and that results could differ materially.

Dirac series entropy computing enables both binary and integer-based optimization problems.

The press release reiterates that no offer to sell securities is being made and notes risks including technology commercialization challenges, government or state-funded customer concentration, financing needs, regulatory changes, and the potential gap between expected and actual benefits.

LiDAR and Vibrometer products are part of IQM’s sensing portfolio.

The article places IQM's SPAC move in a broader context of renewed SPAC activity and potential U.S. federal funding considerations for quantum tech, without implying IQM will pursue such funding.