{"id":72253,"date":"2026-05-26T15:51:15","date_gmt":"2026-05-26T15:51:15","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/72253\/"},"modified":"2026-05-26T15:51:15","modified_gmt":"2026-05-26T15:51:15","slug":"swiss-based-terra-quantum-changes-partner-ahead-of-3-5-billion-listing","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/72253\/","title":{"rendered":"Swiss-based Terra Quantum changes partner ahead of $3.5 billion listing"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">ZURICH, May 26 (Reuters) &#8211; Terra Quantum has changed its partner for its planned $3.5 billion listing, \u200cthe Swiss quantum technology company said on \u200cTuesday.<\/p>\n<p class=\"yf-1fy9kyt\">The German-Swiss company will merge with Axiom Intelligence Acquisition Corp 1, \u200ba special purpose acquisition company already listed on the Nasdaq global market, it said.<\/p>\n<p class=\"yf-1fy9kyt\">The transaction value represents an increase from a previously announced non-binding letter of \u200cintent with another SPAC, \u2060Mountain Lake Acquisition Corp II, which valued it at $3.25 billion, the company said.<\/p>\n<p class=\"yf-1fy9kyt\">The \u2060combined company will retain the Terra Quantum name and is expected to list on Nasdaq when the \u200btransaction closes \u200bin the second half \u200bof 2026. The deal \u200cwill deliver proceeds of roughly $190 million.<\/p>\n<p class=\"yf-1fy9kyt\">Chief Executive Markus Pflitsch said the listing would give Terra Quantum added resources and visibility to expand globally and accelerate innovation.<\/p>\n<p class=\"yf-1fy9kyt\">Terra Quantum, headquartered in St. Gallen, develops quantum algorithms, \u200cquantum security tools and hybrid \u200bquantum-classical <a href=\"https:\/\/tech.yahoo.com\/computing\/\" data-ylk=\"slk:computing systems;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;computing systems&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">computing systems<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\">Quantum technologies seek \u200bto harness the laws \u200bof quantum mechanics to perform tasks \u200cthat go beyond what is \u200brealistically achievable \u200busing conventional computing.<\/p>\n<p class=\"yf-1fy9kyt\">Terra Quantum, which has roughly 200 staff, has clients including the U.S. Air Force, \u200bGerman industrial conglomerate \u200cSiemens, consumer goods company Unilever as well \u200bas banks HSBC and BBVA.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by John Revill, \u200bEditing by Friederike Heine)<\/p>\n","protected":false},"excerpt":{"rendered":"ZURICH, May 26 (Reuters) &#8211; Terra Quantum has changed its partner for its planned $3.5 billion listing, \u200cthe&hellip;\n","protected":false},"author":2,"featured_media":72254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[38350,27601,27602,41,17,27596],"class_list":["post-72253","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-german-swiss","tag-quantum-mechanics","tag-special-purpose-acquisition-company","tag-swiss","tag-switzerland","tag-terra-quantum"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116641679750156764","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/72253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=72253"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/72253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/72254"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=72253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=72253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=72253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}