TLDR
- RAAQ climbs 0.29% as IQM joins HPE’s new hybrid quantum computing platform.
- IQM will supply superconducting processors for HPE’s Cray-based quantum system.
- Oak Ridge now hosts IQM’s first on-premises quantum computer in the United States.
- IQM has sold 23 quantum systems and plans further enterprise installations globally.
- IQM targets a mid-2026 Nasdaq listing through its proposed merger with RAAQ.
Real Asset Acquisition Corp. (RAAQ) rose 0.29% to $10.50 in early trading after IQM announced a new HPE collaboration. The agreement places IQM technology inside HPE’s hybrid classical-quantum platform for practical computing workloads. It also strengthens IQM’s United States expansion before its planned Nasdaq merger with RAAQ.
Real Asset Acquisition Corp., RAAQ
HPE Adds IQM to Hybrid Quantum Platform
Hewlett Packard Enterprise selected IQM Quantum Computers as a contributor to its new hybrid computing platform. HPE introduced the platform during HPE Discover Las Vegas and connected several quantum technologies with Cray supercomputing systems. IQM will supply superconducting quantum processor technology for applications that combine classical and quantum resources.
The platform will direct different workloads toward the systems best suited to complete them. Classical supercomputers can process established tasks, while quantum processors can support selected problems with difficult computational demands. This model aims to improve practical deployment across research institutions, laboratories, and enterprise data centers.
IQM’s participation gives the company access to a major high-performance computing ecosystem. The collaboration also supports its focus on integrating quantum machines with existing data-center infrastructure. Customers can operate quantum hardware alongside established computing systems instead of using isolated laboratory setups.
U.S. Deployment Supports Global Expansion
The HPE collaboration follows IQM’s first on-premises quantum computer installation in the United States. Oak Ridge National Laboratory received the system and integrated it with its high-performance computing environment. The laboratory now controls the hardware, data, and intellectual property produced through its system use.
IQM uses an ownership model that allows customers to operate complete quantum systems at their locations. This structure differs from cloud-only access because institutions retain direct control over sensitive workloads and infrastructure. It may also support organizations with strict security, research, or data governance requirements.
The company has sold 23 quantum systems across Europe, Asia, and North America. It plans another enterprise installation for Galaxy Systemy Informatyczne in Poland and a system for TOYO Corporation in Japan. IQM also works with NVIDIA on automated calibration methods for operating quantum systems at larger scale.
Nasdaq Merger Advances IQM Listing Plan
IQM plans to enter Nasdaq through a merger with Real Asset Acquisition Corp. by mid-2026. The proposed transaction would make IQM the first publicly listed European quantum company on the Nasdaq Global Market. IQM has already filed an F-4 registration statement, and the SEC has declared that filing effective.
The company recently increased its private investment in public equity financing above $146 million. Finnish pension institution Ilmarinen joined the financing, adding further institutional support before the proposed listing. These funds could support manufacturing, product development, commercial deployments, and broader international expansion.
IQM began operations in 2018 and now employs more than 400 people across several regions. The company develops full-stack superconducting quantum computers for universities, laboratories, computing centers, and private companies. Its HPE partnership adds another commercial link as the RAAQ merger moves toward completion.
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