IQM and Real Asset Acquisition Corp. Announce Confidential Submission of Draft Registration Statement

The two companies plan to merge in a deal that would create a new publicly traded quantum computing firm.

Apr. 7, 2026 at 12:42pm

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A highly detailed, photorealistic studio photograph of a sleek, polished quantum computing processor chip resting on a clean, monochromatic background, symbolizing the abstract concepts of technological innovation and scientific progress.The proposed merger between a leading quantum computing company and a SPAC could accelerate innovation in the fast-growing sector.Princeton Today

IQM, a leading quantum computing company, and Real Asset Acquisition Corp., a special purpose acquisition company (SPAC), have confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed business combination. The merger would result in IQM becoming a publicly traded company on the Nasdaq stock exchange.

Why it matters

The deal represents a significant milestone for the quantum computing industry, as it would bring one of the sector's most promising startups to the public markets. If successful, the merger could provide IQM with additional capital to accelerate its research and development efforts, as well as raise the profile of quantum computing among investors.

The details

Under the terms of the proposed transaction, IQM shareholders would receive shares of the combined company. Real Asset Acquisition Corp. raised $300 million in its initial public offering in 2025. The companies expect the transaction to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions.

  • IQM and Real Asset Acquisition Corp. confidentially submitted the draft registration statement on April 7, 2026.
  • The companies expect the transaction to close in the third quarter of 2026.

The players

IQM

A leading quantum computing company based in Espoo, Finland.

Real Asset Acquisition Corp.

A special purpose acquisition company (SPAC) based in Princeton, New Jersey that raised $300 million in its initial public offering in 2025.

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What’s next

The companies will need to receive regulatory approvals and meet other customary closing conditions before the transaction can be completed in the third quarter of 2026.

The takeaway

The proposed merger between IQM and Real Asset Acquisition Corp. represents a significant step forward for the quantum computing industry, as it would bring one of the sector's most promising startups to the public markets and provide it with additional capital to accelerate its research and development efforts.