IQM Advances SPAC Deal To Expand Europe’s Quantum Sector

by THEFUTURE.TEAM

February 24, 2026

Finland’s pioneering quantum computing startup, IQM, has announced a landmark move to become one of Europe’s first publicly listed quantum companies. The firm is positioning itself for a merger with special purpose acquisition company Real Asset Acquisition Corp in a New York listing that values IQM at an initial $1.8 billion. Pending shareholder consent and regulatory clearance, the transaction is expected to conclude by June, with a potential dual listing on the Helsinki stock exchange further reinforcing its European ties.

Strategic Merger And Funding Milestone

Founded in 2018, IQM has raised $320 million, including a Series B round led by Ten Eleven Ventures and Finnish investor Tesi. The proposed merger is expected to generate more than $300 million through a combination of private investment in public equity and funds held in the SPAC trust account.

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The company plans to use the capital to accelerate development of full-stack, open-architecture quantum systems designed for both on-premise installations and cloud access.

Commercial Deployment And Industry Breakthroughs

Quantum computing is being developed to process complex calculations faster than traditional systems, with potential applications in medicine, scientific research, and finance. While large-scale commercial adoption remains limited, analysts note steady technical progress across the sector. Recent commentary from UBS indicates that the industry is gradually moving from research-driven experimentation toward practical use cases.

Industry Momentum Across Europe And Beyond

IQM’s progress reflects broader momentum in the European quantum ecosystem. The company has sold 21 systems to 13 customers and reported at least $35 million in unaudited revenue in 2025. Other European firms, including UK-based Quantinuum and Spain’s Multiverse Computing, have also attracted significant investment.

Globally, competition continues to intensify. China has committed close to $18 billion to quantum research, while the European Union is expanding funding initiatives aimed at strengthening regional capabilities in advanced computing.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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