Axiom Intelligence stock moves after $3.5 billion Terra SPAC deal
Axiom Intelligence Acquisition Corp 1 shares edged up to $10.36 after announcing a merger with Swiss quantum tech firm Terra Quantum, valuing Terra at nearly $3.5 billion. The companies agreed to combine on May 25, with plans to list the merged entity as “TQ” on Nasdaq. Terra Quantum could raise up to $190 million if Axiom shareholders do not redeem shares. The deal awaits shareholder and regulatory approval.