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StocksMedium•14 April 2026•

1 min read

Terra Quantum to List on Nasdaq via $3.25 Billion SPAC Merger

Key Facts

1Terra Quantum plans to list on Nasdaq through a merger with Mountain Lake Acquisition Corp. II.

2The deal is expected to value the company at $3.25 billion.

German-Swiss quantum technology firm Terra Quantum has announced plans to go public on the Nasdaq through a merger with Mountain Lake Acquisition Corp. II. The proposed transaction values the quantum computing specialist at approximately $3.25 billion, signaling strong interest in the high-tech sector. Both parties have signed a non-binding letter of intent, with the goal of completing the listing by later in 2026. Terra Quantum's CEO, Markus Pflitsch, emphasized that the United States represents a strategic growth engine for the company’s expansion and capital raising efforts. This move indicates a renewed appetite for advanced technology listings within US capital markets, even as the broader SPAC market has cooled. The capital raised is expected to fund the company's intensive research and development in the rapidly evolving quantum computing landscape.