IQM and Real Asset Acquisition Corp. Secure $146 Million in Upsized PIPE Financing

Quantum computing firm IQM and Real Asset Acquisition Corp. (RAAQ) announced an upsized private investment in public equity (PIPE) financing totaling $146 million, bolstered by a new capital commitment from the pension insurance company Ilmarinen. The transaction provides additional funding for IQM’s operations as the company moves toward its business combination with the special purpose acquisition company.

The $146 million figure represents an increase from previous financing targets, with Ilmarinen joining a group of investors supporting the deal. This capital infusion arrives as both companies prepare for the final stages of their merger process. The agreement outlines the financial structure of the partnership, which aims to support IQM’s ongoing development of quantum hardware and software solutions. Both parties confirmed the terms of the investment on Tuesday, marking a shift in the capitalization strategy for the combined entity.

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Date: June 2, 2026

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GOAI