Terra Quantum changes partner for $3.5B listing

Terra Quantum will announce specific revenue or customer metrics within 90 days post-partner change, showing year-over-year growth of at least 40% to justify the $3.5B valuation

The new partner selection will demonstrate stronger financial capacity and track record, evidenced by lower underwriting fees (below 3.5% of IPO proceeds) compared to typical quantum computing IPOs

Terra Quantum's partner change will result in improved listing valuation timeline, with the IPO completing within 180 days of the announcement, achieving or exceeding the $3.5B target valuation