Terra Quantum AG to go public in $3.25 billion SPAC deal
Punjab, April 9 -- Strategic go-public transaction aims to accelerate growth in quantum technologies and expand global market reachST. 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 reflects strong confidence in Terra Quantum's differentiated quantum algorithms, software, quantum security, and hybrid quantum-classical solutions, as well as its commercial t...
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