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Stock impact report

Swiss-based Terra Quantum plans to list on Nasdaq via SPAC at $3.25 billion valuation [Yahoo! Finance Canada]

Mountain Lake Acquisition Corp. II - Units (MLAAU) 
U.S. special ?purpose acquisition company (SPAC) in a deal that would value the German-Swiss quantum technology company ?at $3.25 billion. Terra Quantum, which counts the U.S. Air Force among its clients, has opted for a listing in the ?U.S. because the country is the engine of growth for the sector and has led the way in setting regulatory standards, its founder, chairman and CEO Markus Pflitsch told Reuters. "The U.S. is the powerhouse and the benchmark here. And we want to be playing in the Champions League," ?said Pflitsch, a self-described "half quantum ?physicist, half banker" who attended U.S. President Donald Trump's second inauguration. Terra Quantum has signed a non-binding letter of intent to carry out the deal ?with Mountain Lake Acquisition Corp. II. FOUNDER TO REMAIN MAJOR SHAREHOLDER A SPAC listing ensures less exposure to market turbulence and to competition for investors from conventional initial public offerings in the sector, Pflitsch said. Pflitsch ?sai Show less Read more
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