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IQM eyes US SPAC listing at $1.8B to accelerate Europe’s quantum push
business5 days ago

IQM eyes US SPAC listing at $1.8B to accelerate Europe’s quantum push

Finland’s IQM unveiled plans to become one of Europe’s first publicly listed quantum companies by merging with Real Asset Acquisition Corp in a US SPAC deal that values IQM at about $1.8 billion, with a potential June close and a dual Helsinki listing on the table. The transaction could bring more than $300 million in funding as IQM scales its open-architecture quantum systems, after selling 21 quantum units to 13 customers and reporting at least $35 million in unaudited revenue for 2025.

via CNBC|
#business#finland#ipo
Infleqtion charts Nvidia-like path to commercial quantum tech after SPAC debut
business10 days ago

Infleqtion charts Nvidia-like path to commercial quantum tech after SPAC debut

Infleqtion began trading via a SPAC merger and posted a double-digit first-day gain as CEO Matt Kinsella says the moment is a refueling toward turning quantum from lab to market. He cites a Nvidia‑style strategy of applying the company’s neutral-atom quantum core to sensing, timekeeping, and computing, with a road map to 30 logical qubits by year-end and 100 by 2028, and notes revenues of about $29 million in 2024 and $50 million booked in 2025 to fund R&D and growth. He stresses focusing on long‑term shareholder value over daily stock moves, plans disciplined R&D investment (not a material burn rate increase), and envisions bolt‑on tech acquisitions only if they accelerate the roadmap. Infleqtion is the first quantum company to go public this year, with peers Xanadu and Quantinuum expected to follow, and management remains focused on commercialization rather than chasing a quick market multiple.

via Sherwood News|
#business#commercialization#infleqtion
NSF Funds $100M Quantum Network as Infleqtion SPAC Nears Close and 500-Qubit Milestone Emerges
technology11 days ago

NSF Funds $100M Quantum Network as Infleqtion SPAC Nears Close and 500-Qubit Milestone Emerges

NSF launches a $100 million National Quantum and Nanotechnology Infrastructure program to fund up to 16 open-access sites over five years to give researchers and startups access to chip fabrication, testing, and training tools; Delta Gold Technologies signs a multi‑year, up‑to‑$2.99 million gold‑based quantum IP deal with Penn State; Xanadu Quantum Technologies releases a method to cut quantum‑chemistry resource needs by more than an order of magnitude; Oxford Quantum Circuits demonstrates wafer‑scale packaging for 500+ qubits with strong fidelity, signaling progress toward larger machines; Infleqtion’s SPAC merger with Churchill Capital X secures over $550 million in gross proceeds, setting Infleqtion up to list on the NYSE as INFQ.

via TipRanks|
#infleqtion#nsf#quantum-computing
Chamath Palihapitiya Anticipates Windfall from Nvidia-Groq Deal
business2 months ago

Chamath Palihapitiya Anticipates Windfall from Nvidia-Groq Deal

Chamath Palihapitiya, through his firm Social Capital, is set to profit significantly from Nvidia's $20.6 billion acquisition of Groq, a company he early invested in and helped fund, which has now achieved a billion-dollar valuation. Palihapitiya's early backing and board membership have positioned him for a substantial windfall, potentially boosting his net worth beyond $1.2 billion.

via Yahoo Finance|
#business#chamath-palihapitiya#groq
Trump Media Expands Crypto Ventures with Crypto.com Partnership and $6.4 Billion Investment
business6 months ago

Trump Media Expands Crypto Ventures with Crypto.com Partnership and $6.4 Billion Investment

Trump Media and Crypto.com have announced a deal with a SPAC to create a new crypto venture focused on accumulating the platform's native token CRO, following a strategy similar to MicroStrategy's bitcoin holdings, and going public on Nasdaq. The move reflects growing corporate interest in crypto treasury strategies, with the CRO token surging after the announcement.

via Reuters|
#business#cro-token#cryptocom
Chamath Palihapitiya Launches New $250M SPAC Focused on DeFi and AI
business6 months ago

Chamath Palihapitiya Launches New $250M SPAC Focused on DeFi and AI

Billionaire Chamath Palihapitiya filed a $250 million SPAC called American Exceptionalism Acquisition Corp to target DeFi, AI, energy, and defense sectors, emphasizing the future of decentralized finance over Bitcoin as a bridge to traditional markets. Despite a mixed record with past SPACs, Palihapitiya remains optimistic about crypto's mainstream acceptance, especially after regulatory crackdowns have eased. The SPAC aims to leverage DeFi's potential to disintermediate traditional finance, with a focus on integrating blockchain solutions into conventional sectors.

via Cointelegraph|
#bitcoin#business#crypto
Chamath Palihapitiya Rejoins SPAC Scene with New Venture
business6 months ago

Chamath Palihapitiya Rejoins SPAC Scene with New Venture

Chamath Palihapitiya, once a prominent figure in the SPAC industry, is returning with a new $250 million SPAC called American Exceptionalism Acquisition Corp., aiming to leverage his expertise and revive his presence in the post-crash SPAC market, which is currently experiencing a resurgence fueled by crypto and political connections.

via Bloomberg.com|
#american-exceptionalism-acquisition#blank-check-companies#business
Cantor Fitzgerald Settles SEC Charges Amid Trump Nominee Controversy
business1 year ago

Cantor Fitzgerald Settles SEC Charges Amid Trump Nominee Controversy

The SEC has charged Cantor Fitzgerald with misleading SPAC investors, resulting in a $6.75 million penalty. The firm, led by Howard Lutnick, who is nominated by President-elect Trump for Commerce Secretary, allegedly engaged in undisclosed merger discussions before IPOs. The case highlights potential regulatory leniency under a GOP-controlled SEC, as dissenting Commissioner Mark Uyeda argued the omissions were not material.

via Axios|
#business#cantor-fitzgerald#howard-lutnick
Cantor Fitzgerald Settles SEC SPAC Charges for $6.75 Million
business1 year ago

Cantor Fitzgerald Settles SEC SPAC Charges for $6.75 Million

Cantor Fitzgerald, led by Howard Lutnick, has agreed to pay a $6.75 million penalty to the SEC for allegedly misleading investors about discussions with potential merger targets for its special purpose acquisition companies (Spacs) before their public offerings. The SEC claimed Cantor had substantive talks with companies like View and Satellogic, contrary to its public disclosures. Cantor settled without admitting liability, stating no investor was harmed. This case is part of the SEC's broader scrutiny of Spacs under outgoing chair Gary Gensler.

via Financial Times|
#business#cantor-fitzgerald#howard-lutnick
finance1 year ago

Cantor Fitzgerald Settles SEC Charges for Misleading SPAC Disclosures

The SEC has charged Cantor Fitzgerald with causing two SPACs it controlled to make misleading statements to investors before their IPOs, resulting in a $6.75 million civil penalty. The SPACs, CF Finance Acquisition Corp. II and CF Acquisition Corp. V, falsely claimed in SEC filings that they had not engaged in discussions with potential merger targets, despite having done so. Cantor Fitzgerald agreed to settle the charges without admitting or denying the findings.

via SEC.gov|
#cantor-fitzgerald#finance#ipo
Trump Media Faces Volatility Amid Political Uncertainty
business1 year ago

Trump Media Faces Volatility Amid Political Uncertainty

Trump Media's stock, DJT, is facing declining valuation due to weak fundamentals overshadowing its previous meme-stock popularity. The company, which merged through a SPAC, is experiencing internal strife, stagnant revenues, and low user engagement on its Truth Social platform. Despite attempts to raise cash by selling shares, the stock price has fallen significantly, raising concerns about the company's financial stability and future prospects.

via Forbes|
#business#financial-performance#spac
"Inside the $200 Billion Wealth Machine"
business1 year ago

"Inside the $200 Billion Wealth Machine"

Blue Owl, a private credit firm formed from a $12.5 billion SPAC merger in 2021, has rapidly grown to manage over $200 billion in assets by providing financing for private equity deals and acquiring other asset managers. The firm, known for its low default rates and strategic acquisitions, has minted several billionaires among its leadership and partners. Blue Owl's success is attributed to its focus on stable, long-term investments and its ability to adapt to market demands, including recent expansions into real estate and insurance asset management.

via Forbes|
#billionaires#blue-owl#business