IQM and Real Asset Acquisition Corp. Announce Effectiveness of Registration Statement for Proposed Business Combination

IQM Finland Oy, a global leader in full-stack superconducting quantum computers (“IQM”, “IQM Quantum Computers” or the “Company”), and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company (“RAAQ”), announced today that the registration statement on Form F-4 (the “Registration Statement”), relating to their previously announced business combination, has been declared effective by the U.S. Securities and Exchange Commission (“SEC”) on June 5, 2026.

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IQM Radiance quantum computer

The extraordinary general meeting of RAAQ’s shareholders in connection with the proposed business combination (the “Extraordinary General Meeting”) will be held on June 25, 2026. The proxy statement/prospectus relating to the Extraordinary General Meeting was mailed to RAAQ’s shareholders of record as of the close of business on June 3, 2026 (the “Record Date”).

Headquartered in Finland and major operations in Munich, IQM is a quantum computing company that builds full stack, open-architecture quantum computers that can be deployed on-premise or accessed via the cloud. IQM operates a vertically integrated business model, boasting a unique combination of proprietary infrastructure from their own chip design tool and software developer platform, to a quantum chip fab, assembly line and data center, allowing the company to accelerate its innovation cycles, deliver best-in-class quantum computing to its customers and enabling the quantum ecosystem to grow.

IQM is an industrial leader with 23 quantum computers sold, 18 of which have been delivered (largest number publicly disclosed by selected quantum companies¹) to customer premises and reported (audited) revenue of EUR 31 million (USD 36 million²) in 2025.

As previously announced, the business combination will result in IQM becoming a public company. IQM intends to list its American Depositary Shares on the Nasdaq Global Exchange under the ticker symbol “IQMX”.

IQM also intends to apply for its shares to be admitted to trading on Nasdaq Helsinki under the proposed symbol “IQMX” which is expected to take place following the completion of the business combination. The business combination is expected to close as soon as practicable following the satisfaction of the closing conditions described in the Registration Statement.

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