Highlight 23 February 2026

Krogerus advises Real Asset Acquisition Corp. on its de-SPAC combination with IQM

Krogerus is advising Real Asset Acquisition Corp. on its de-SPAC combination with IQM Finland Oy. As part of the combination, IQM will raise USD 134 million in additional equity from PIPE investors and will apply to have American Depositary Shares representing its shares listed on one of the two leading US stock exchanges. The transaction values IQM's equity at approximately USD 1.8 billion.

Real Asset Acquisition Corp. is a Nasdaq-listed blank check company incorporated in the Cayman Islands for the purpose of effecting a business combination.

IQM is a global leader in designing, building and delivering full-stack superconducting quantum computers, with systems that can be deployed on-premise or accessed via the cloud.

The Krogerus team is led by Partners Tom Fagernäs, Paul Raade and Antti Luhtala and they are primarily assisted by Managing Partner Mårten Knuts, Senior Associates Kalle Lipsanen and Olli Silvennoinen, and Associates Jenny Kaanela, Henrik Lyytikäinen, Ulrika Mäkinen, Tuuli Merikallio Heiskanen, André von Martens and Peter Partanen. Partners Ritva Aalto and Samu Lassila advise on tax, assisted by Senior Associate Anna Corrêa de Mora. Partner Carola Möller advises on employment matters, assisted by Associates Ada Hård af Segerstad and Marko Katainen. Partner Pessi Honkasalo advises on technology, data and intellectual property, assisted by Senior Associate Ada Klaile and Associate Anni Sofia Kivi-Koskinen. Partner Simo Autio advises on certain regulatory matters.

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