RAAQ Gives Up Gains After Hitting 52-Week High; IQM Quantum Deal Moves Forward
RAAQ closed Friday at $11.35, down 3.2% for the holiday week after hitting a 52-week high of $11.97 on Tuesday. The SPAC remains tied to the pending IQM Quantum Computers merger, with the deal awaiting SEC review after a Form F-4 filing on May 14. RAAQ’s market value stood near $261 million. Nasdaq was closed heading into the weekend.