Quantum Computing Business News, Quantum Companies

RAAQ: IQM Completes Nasdaq Listing

Avatar of Ivy Delaney
July 1, 2026 by Ivy Delaney

IQM Quantum Computers has finalized a business combination with Real Asset Acquisition Corp., transferring ownership through the issuance of 14,381,747 existing shares to RAAQ shareholders. The deal, approved by RAAQ shareholders on June 25, establishes IQM as a publicly traded entity with American Depositary Shares (ADSs) set to trade on the Nasdaq Global Select Market starting July 2 under the symbol “IQMX,” with BNY (NYSE: BNY) serving as the depositary bank. This combination provides IQM with approximately EUR 198.7 million (USD 233.5 million) in net proceeds from the business combination and a private investment, fueling its mission to advance quantum computing. “We founded IQM with the conviction that quantum computing would become a foundational technology for nations, scientific institutions, and industry,” says Jan Goetz, Chief Executive Officer and Co-Founder, IQM.

IQM and Real Asset Acquisition Corp Business Combination

The completion of the business combination has positioned IQM Quantum Computers as a publicly traded entity on the Nasdaq Stock Market, a substantial step in the commercialization of quantum technology. This exchange of shares, finalized after RAAQ shareholders approved the merger on June 25, underscores the scale of the transaction and the confidence placed in IQM’s future prospects. Alongside this, warrants to purchase additional IQM shares, termed IQM Warrants, will also be traded under the symbol “IQMX WS”, potentially allowing for the subscription of up to 12,530,975 new or existing shares. A parallel private investment, known as the PIPE Investment, saw IQM issue 14,548,000 existing shares to institutional investors at a price of USD per share, generating EUR 127.7 million (USD 145.5 million) in additional capital. Combined with the remaining funds held in RAAQ’s trust account, IQM has secured approximately EUR 198.7 million (USD 233.5 million). Peter Ort, Principal Executive Officer and Co-Chairman of RAAQ, added that “IQM has distinguished itself through its technological leadership, global customer footprint, and proven ability to deliver quantum systems into production environments,” highlighting the rationale behind the partnership and anticipated future growth.

We founded IQM with the conviction that quantum computing would become a foundational technology for nations, scientific institutions, and industry.

Jan Goetz, Chief Executive Officer and Co-Founder, IQM
Stay current

See today’s quantum computing news on Quantum Zeitgeist for the latest breakthroughs in qubits, hardware, algorithms, and industry deals.

Tags:
IQM Quantum Computers NASDAQ
Avatar of Ivy Delaney

Ivy Delaney

Ivy Delaney has been working with neural networks and machine learning since the mid-nineties, back when a couple of hidden layers and a long afternoon of training counted as ambitious. She has watched the field go from academic curiosity to the thing quietly running underneath everything, and she brings that long view to quantum computing. For Quantum Zeitgeist she covers the ground where the two fields meet. That means quantum machine learning and the variational algorithms it leans on, and it also means the less glamorous but more interesting story of classical machine learning already doing real work inside quantum machines, decoding error-correcting codes, calibrating noisy hardware and learning the error models that simulators depend on. She writes about the hardware those algorithms have to run on too, and about the post-quantum cryptography scramble that the same hardware has set off. Her stories typically start with the paper, whether that is peer-reviewed work, conference proceedings or an arXiv preprint, with the source linked so you can hold a claim up against the research it came from. She is unimpressed by benchmarks that will not say what they beat, and by demonstrations that only work in the press release.

Latest Posts by Ivy Delaney: