Terra Quantum AG to go public in $3.25 billion SPAC deal
(MLAA)
Company Research
Source: PR Newswire
Strategic go-public transaction aims to accelerate growth in quantum technologies and expand global market reachST. GALLEN, Switzerland and INCLINE VILLAGE, Nev. , April 9, 2026 /PRNewswire/ -- Terra Quantum AG ("Terra Quantum"), a leading quantum technology company, and Mountain Lake Acquisition Corp. II ("MLAC II") (Nasdaq: MLAA), a special purpose acquisition company, today announced that they have signed a non-binding letter of intent ("LOI") to enter into a business combination that values Terra Quantum at $3.25 billion.The proposed transaction reflects strong confidence in Terra Quantum's differentiated quantum algorithms, software, quantum security, and hybrid quantum-classical solutions, as well as its commercial traction across multiple industries including defence, finance, pharmaceuticals, and logistics.Upon completion of the transaction, the combined entity will be publicly listed, providing Terra Quantum with enhanced access to capital markets to support its next phase of
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