IQM Quantum Computers has become the first European quantum computing company listed on a major U.S. stock exchange following its business combination with Real Asset Acquisition Corp. (RAAQ). Trading commenced on the Nasdaq Global Select Market on July 2, 2026, under the symbol "IQMX". The transaction secures a strong pro forma cash position of EUR 337 million to accelerate the commercialization of full-stack superconducting quantum systems globally.

The merger was approved by RAAQ shareholders on June 25, 2026. As consideration, IQM issued 14,381,747 existing shares to RAAQ shareholders, distributed as American Depositary Shares (ADSs) with each representing one share. Concurrently, IQM closed a private placement investment (PIPE) of 14,548,000 existing shares at a subscription price of USD 10.00 per share. The PIPE raised an aggregate purchase price of EUR 127.7 million (USD 145.5 million). Warrants issued by RAAQ were assumed by IQM and became IQM Warrants, exercisable at USD 11.50 per share, trading under the symbol "IQMX WS".

Jan Goetz, Chief Executive Officer and Co-Founder of IQM, stated that quantum computing is reaching an inflection point as organizations move from exploration to implementation. He emphasized that IQM enters the public markets with leading technology, a growing global customer base, and a clear strategy for scaling commercial adoption. The company has sold 23 quantum computers worldwide, more than any other quantum manufacturer, under its Production Quantum model which allows customers to own, operate, and build on full-stack, open-architecture systems.

IQM’s quantum computers are operational at leading institutions and supercomputing centers, including CINECA in Italy, the Leibniz Supercomputing Center (LRZ) in Germany, and the Department of Energy’s Oak Ridge National Laboratory (ORNL) in the United States. The company is cementing its position in the U.S. with the opening of its first Quantum Technology Center in Maryland and a landmark installation at ORNL. In Asia, IQM secured the first enterprise quantum computer purchase in Japan with Toyo Corporation.

The company recently announced a novel quantum error correction approach that significantly reduces the hardware requirements for fault-tolerant quantum computing. IQM employs over 400 people and operates across Europe, Asia, and North America. The total gross proceeds from the business combination and PIPE investment, including remaining funds in RAAQ’s trust account, amounted to approximately EUR 198.7 million (USD 233.5 million).

IQM Quantum Computers has appointed Dr. Craig Ciesla as Chief Technology Officer (CTO) and Dr. Inés de Vega as Chief Scientist to strengthen its leadership team. The appointments come as the company prepares for a planned Nasdaq listing through a merger with Real Asset Acquisition Corp. (NASDAQ: RAAQ). These strategic hires aim to advance IQM's technology roadmap and support its scaling as a fully vertically integrated quantum computing company.

Dr. Ciesla brings over 25 years of experience in deep tech, having delivered products across industries from startups to Fortune 500 companies. He will advance IQM's technology strategy and drive its implementation into systems and products. An accomplished innovator, Ciesla is an inventor of more than 100 patents and patent applications. He most recently served as Vice President of Engineering at 10x Genomics (NASDAQ: TXG) and held leadership roles at Illumina (NASDAQ: ILMN), Lumentum (NASDAQ: JDSU), Intel (NASDAQ: INTC), and Tactus Technology.

Dr. de Vega transitions from her role as Vice President of Quantum Solutions to become Chief Scientist. With over 20 years of experience, she will ensure scientific feasibility and system-level consistency across IQM's technology. Her career includes leading teams in developing quantum algorithms and advanced error-correction tools. She has also been a researcher at academic institutions such as the Max Planck Institute of Quantum Optics, the University of Ulm, and the Ludwig Maximilian University of Munich.

Jan Goetz, CEO and Co-founder of IQM Quantum Computers, highlighted the value of the new appointments. "Ciesla's track record of scaling complex instrumentation platforms and building world-class R&D organizations makes him an exceptional addition to our leadership team," Goetz said. "As we accelerate our path toward fault-tolerant quantum computing, his experience integrating hardware and software systems at scale will be invaluable."

The leadership changes coincide with IQM's operational growth and its upcoming public market debut. The company operates its own chip factory and assembly line and has sold 23 quantum computers to date. The planned merger with Real Asset Acquisition Corp. has gained momentum, securing an upsized PIPE of $146 million in early June with participation from Finnish pension insurer Ilmarinen and existing institutional investors.

Key Appointments