PIPE · Hardware
IQM completes $145.48 million PIPE alongside public listing
The equity placement accompanied IQM’s completed business combination with Real Asset Acquisition Corp.
IQM Quantum Computers has completed a private placement of 14,548,000 shares at $10 each, raising $145.48 million alongside its business combination with Real Asset Acquisition Corp. The PIPE involved institutional and accredited investors, including Tesi.
The company reported approximately €198.7 million in total net proceeds from the combination and PIPE, including remaining funds in the SPAC’s trust account. IQM’s American depositary shares began Nasdaq trading on 2 July, followed by its shares in Helsinki on 3 July.
Funding history
PIPE · This round$145.5M
Growth€50M