Korea Quantum Computing to go public on Nasdaq via SPAC merger
What's the deal? Korea Quantum Computing (KQC)Dealroom has a profile for this one. Try Dealroom → has signed a definitive business combination agreement with Charlton Aria Acquisition CorporationDealroom has a profile for this one. Try Dealroom →, a special purpose acquisition company, to list on Nasdaq. The deal value was not disclosed.
What's the endgame? KQC is a Korean enterprise focused on quantum computing and quantum-safe security. Going public gives it access to US capital markets to advance that business.
Why now? KQC intends to file a registration statement on Form S-4 with the US Securities and Exchange Commission (SEC), combining a Charlton Aria proxy statement with a KQC prospectus. Charlton Aria will separately file a proxy statement tied to an extension.
What's next? Once filed and, where applicable, declared effective, the definitive proxy statements will be mailed to Charlton Aria's shareholders of record. The companies' directors and executive officers may be deemed participants in soliciting those shareholder votes.
The signal: Taking a quantum computing and security firm public through a SPAC underlines how the sector is courting public-market investors — and how Korean technology companies are looking to Nasdaq to fund the next stage of growth.
Read more: financialpost.com
Image credit: IBM Research
