Terra Quantum is planning to go public through a SPAC merger that could value the company at about $3.25 billion. The listing is expected later this year.

The company develops quantum computing software and algorithms used across industries including defence, finance and logistics. It is positioning itself in a rapidly growing technology sector.

Terra Quantum chose the United States for its listing due to stronger investor interest and a more developed market for advanced technologies.

Funds raised from the listing will be used to support expansion, product development and potential acquisitions. The company aims to strengthen its global presence.

Analysts say the move reflects increasing investor appetite for next-generation technologies. Quantum computing is seen as a major future growth area.

Source: Reuters