IQM and Real Asset Acquisition Corp. announce upsized $146M PIPE commitment

IQM Finland Oy and SPAC partner Real Asset Acquisition Corp. increased their PIPE financing to $146 million with a new commitment from Ilmarinen, a major Finnish pension insurance company. The transaction values IQM at $1.8 billion pre-money valuation and signals strong investor confidence ahead of the planned Nasdaq and Helsinki exchange listings.