Feb 2026
Conyers is advising NASDAQ-listed Real Asset Acquisition Corp. (“RAAQ”) on its US$1.8 billion business combination with IQM Finland Oy (“IQM”), a global leader in full-stack, superconducting quantum computers.
Conyers advised RAAQ, a special purpose acquisition company, on its entry into a definitive business combination agreement with IQM which will result in IQM becoming a public company and listing American Depositary Shares on one of the two leading U.S. stock exchanges. The transaction values IQM at a pre-money equity valuation of approximately US$1.8 billion.
Headquartered in Finland, IQM is also considering a dual listing that would see the trading of IQM’s ordinary shares on the Helsinki stock exchange, which would be expected to take place following the completion of the transaction. The transaction is expected to complete in late Q2 or early Q3 2026 and is subject to approval by the shareholders of each company and other customary closing conditions.
The Conyers team is led by mergers and acquisitions Partner Alex Davies, Counsel Matthew Harkness, Senior Associate Caroline Dekker and Associate Alexandra Sims, who are working alongside Perkins Coie LLP as lead counsel to RAAQ.