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IQM Secures $146 Million in Funding Ahead of IPO

IQM Secures $146 Million in Funding Ahead of IPO

Finnish quantum company IQM and SPAC entity Real Asset Acquisition Corp. have increased their PIPE financing from $134 million to $146 million, thanks to a new commitment from Ilmarinen. The funds will be used to advance technology and commercial operations ahead of their listing on Nasdaq and the Helsinki Stock Exchange.

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