IQM Quantum Computers holds a shareholder vote today to approve its $1.9 billion merger with Real Asset Acquisition Corp., setting the stage for the Finnish quantum firm to become the first European quantum computing company listed on a major U.S. stock exchange.

The extraordinary general meeting will determine whether IQM’s path to public markets clears its final regulatory hurdle. If approved, the company will list American Depositary Shares on Nasdaq Global Market under ticker IQMX, with trading expected to begin shortly after closing.

IQM has already cleared the SEC’s scrutiny. The agency declared the company’s registration statement effective earlier this month, removing a major obstacle to the deal. The merger values IQM at roughly $1.8 to $1.9 billion.

What sets IQM apart is its traction in an emerging market. The Finnish company generated about $36 million in revenue last year and has delivered 18 quantum computers to 13 customers worldwide. Four of those customers rank among the world’s ten largest supercomputing centers, including Oak Ridge National Laboratory in Tennessee.

The company will have substantial capital to scale operations. Upon closing, IQM expects access to $175 million from RAAQ’s trust, $134 million from private investors, and roughly $172 million in cash already on hand. That brings the pro forma cash position to approximately $477 million before any warrant exercises.

The quantum computing market remains nascent but pivotal. Governments and enterprises are racing to develop quantum systems that could solve complex problems in drug discovery, materials science, and cryptography. IQM’s customers suggest the company has convinced serious players that its approach works.

IQM’s path to Nasdaq reflects a broader shift in how European technology companies access U.S. capital markets. The dual listing will open doors to American institutional investors while maintaining ties to European exchanges.

The shareholder vote today marks the moment when IQM’s private chapter closes and its public life begins.