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IQM tech breakthrough elevates prospects for Real Asset Acquisition Corp. (RAAQ) merger

Jun 23, 2026, 10:45 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Positive QC milestone improves the potential value proposition of IQM in the RAAQ deal, potentially lifting investor enthusiasm and the deal's perceived quality, though timing remains uncertain.

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IQM Quantum Computers unveiled directional tile codes that slashed error rates up to 1,000x with no new hardware, advancing scalable fault-tolerant quantum computing. The work, conducted with European partners, strengthens IQM's roadmap toward 1M qubits by 2030 and aligns with its Nasdaq listing via merger with Real Asset Acquisition Corp. (RAAQ), potentially boosting the merged entity's valuation.

Directional tile codes cut qubit overhead by up to 1,000x; no extra hardware needed.
IQM demonstrates fault-tolerant scaling on Crystal hardware using nearest-neighbour iSWAP gates.
Research partners include Freie Universität Berlin, University of Edinburgh, Mainz.
IQM plans Nasdaq listing via merger with Real Asset Acquisition Corp. (RAAQ).
23 quantum systems sold; roadmap targets 1M qubits by 2030.

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