Axiom Intelligence stock moves after $3.5 billion Terra SPAC deal
Axiom Intelligence Acquisition Corp 1 shares barely moved Thursday after the SPAC said it will merge with Swiss quantum tech group Terra Quantum in a deal putting Terra Quantum’s value near $3.5 billion. Axiom’s Class A stock was last at $10.36, up a penny from its previous close, according to market data. Axiom, a SPAC, now has a target in hand less than a year after its June 2025 IPO. The listed cash shell raises money to merge with a private company. Nasdaq is trading on the usual schedule, with markets open regular hours, 9:30 a.m. to 4 p.m. Eastern. The exchange lists Memorial Day as closed on May 25.