IQM Finland Oy and Real Asset Acquisition Corp. announced that the registration statement relating to their proposed business combination has been declared effective by the U.S. Securities and Exchange Commission on June 5, 2026. The effectiveness of the Form F-4 registration statement marks a key step toward the completion of the transaction, which will result in IQM becoming a public company listed on the Nasdaq Global Exchange under the ticker symbol "IQMX".

Real Asset Acquisition Corp. has scheduled an extraordinary general meeting for June 25, 2026, to seek shareholder approval for the business combination. The proxy statement and prospectus were mailed to shareholders of record as of the close of business on June 3, 2026. The transaction is expected to close as soon as practicable following the satisfaction of closing conditions outlined in the registration statement.

IQM, headquartered in Finland with major operations in Munich, builds full-stack, open-architecture quantum computers for on-premise deployment or cloud access. The company operates a vertically integrated model, utilizing proprietary infrastructure ranging from chip design tools to quantum chip fabrication. IQM reported that it has sold 23 quantum computers, with 18 delivered to customer premises, and generated audited revenue of EUR 31 million in 2025.

Following the completion of the business combination, IQM intends to apply for the admission of its shares to trading on Nasdaq Helsinki under the symbol "IQMX". The dual listing strategy aims to enhance visibility and access to capital for the quantum computing company.

Key Details of the Proposed Transaction

Real Asset Acquisition Corp. is a special purpose acquisition company listed on Nasdaq under the ticker "RAAQ". The RAAQ team includes experts with deep technical and industry experience in the quantum computing sector.