IQM Quantum Computers Secures $1.8bn SPAC Deal, Set to Go Public.

IQM Quantum Computers, a European developer of superconducting quantum computers, is set to go public via a $1.8bn SPAC deal with Real Asset Acquisition Corp. The transaction assigns IQM a pre-money equity valuation of approximately $1.8bn, making it the first European quantum computing company to go public. The combined entity's cash position is projected to exceed $450m, providing capital for continued research and commercial scaling. IQM has installed more than 15 systems across enterprise, academic and research customers and has built over thirty quantum computers since inception.