IQM Quantum Computers and Real Asset Acquisition Corp.

Net Proceeds

EUR 198.7 million (USD 233.5 million)

Total net proceeds received by IQM from the business combination and PIPE investment.

Share Issuance

14,381,747 shares

Number of shares issued to RAAQ shareholders as part of the business combination.

PIPE Investment Amount

EUR 127.7 million (USD 145.5 million)

Total amount raised from the private placement at a subscription price of $10.00 per share.

§ 01 Executive Snapshot

What: IQM Quantum Computers has completed a business combination with Real Asset Acquisition Corp. (RAAQ).
Who: IQM Quantum Computers Plc and Real Asset Acquisition Corp.
Why it matters: The merger marks a significant advancement for IQM in the quantum computing sector, enhancing its capabilities and global presence.

The business combination agreement was entered on February 22, 2026, and became effective on July 1, 2026, after shareholder approval.
IQM issued 14,381,747 shares as consideration to RAAQ shareholders, with trading of American depositary shares (ADSs) beginning on July 2, 2026.
A total of 14,548,000 shares were issued in a private placement at $10.00 per share, raising approximately EUR 127.7 million (USD 145.5 million).
IQM received net proceeds of approximately EUR 198.7 million (USD 233.5 million) from the business combination and PIPE investment.
Trading of IQM Warrants will commence on Nasdaq on July 2, 2026, under the symbol “IQMX WS.”

IQM was founded in 2018 and has rapidly established itself as a leader in superconducting quantum computing, emphasizing the importance of quantum technology as strategic infrastructure.
The transaction reflects a growing trend in the tech industry where quantum computing is being recognized as vital for various sectors, including scientific and industrial applications.

The merger positions IQM to capitalize on increasing global investments in quantum computing, potentially expanding its market share and technological innovations.
As a public company, IQM will have greater access to capital markets, enabling further development and expansion of its quantum systems.

Regulatory approvals and market conditions could present challenges as IQM transitions to a public company.
Competition in the quantum computing space is intensifying, which may impact IQM's growth trajectory and market positioning.

The commencement of trading for IQM's ADSs and warrants on July 2, 2026, will be a critical indicator of market reception and investor interest.
Future developments in quantum computing technology and strategic partnerships will signal IQM's ability to maintain its competitive edge in the market.

§ 07

What is the significance of the merger between IQM Quantum Computers and Real Asset Acquisition Corp.?

The merger marks a significant advancement for IQM in the quantum computing sector, enhancing its capabilities and global presence.

When did the business combination agreement between IQM and RAAQ become effective?

The business combination agreement became effective on July 1, 2026, after shareholder approval.

How much capital did IQM raise from the private placement?

IQM raised approximately EUR 127.7 million (USD 145.5 million) from the private placement.

Who will benefit from the trading of IQM's American depositary shares?

Trading of IQM's American depositary shares will begin on July 2, 2026, providing investors with access to the company's stock.