Terra Quantum AG Valued At $3.25 Billion In SPAC Deal

Terra Quantum AG Valued At $3.25 Billion In SPAC Deal

Terra Quantum AG, a quantum technology company, has entered into a non-binding agreement with Mountain Lake Acquisition Corp. II for a business combination valued at $3.25 billion. The deal aims to accelerate Terra Quantum’s growth and expand its reach in the quantum technologies market through public listing and increased capital access.

Terra Quantum AG to go public in $3.25 billion SPAC deal

ST. 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 refl…

Terra Quantum to Go Public in $3.25 Billion SPAC Merger

Terra Quantum AG, a St. Gallen-based leader in hybrid quantum-classical solutions, has signed a non-binding letter of intent (LOI) to go public through a business combination with Mountain Lake Acquisition Corp. II (Nasdaq: MLAA). The transaction values Terra Quantum at $3.25 billion, reflecting significant market confidence in the company’s portfolio of quantum algorithms, high-performance software, [...] The post Terra Quantum to Go Public in …