IQM Completes Business Combination with RAAQ
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 45 minutes ago
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Source: Newsfilter
- Merger Completion: IQM successfully completed its business combination with RAAQ on June 25, 2026, after RAAQ shareholders approved the transaction with the requisite votes, marking a significant milestone in the quantum computing sector for IQM.
- Shareholder Compensation: Following the merger, RAAQ shareholders will receive 14,381,747 American Depositary Shares (ADSs) representing shares in IQM, which are set to begin trading on Nasdaq under the symbol 'IQMX' on July 2, 2026.
- Significant Financing: IQM secured approximately EUR 198.7 million (USD 233.5 million) in net proceeds from the merger and PIPE investment, reflecting strong market confidence and interest in quantum computing technology.
- Strengthened Strategic Vision: The CEO of IQM stated that this transaction enhances the company's ability to execute its long-term vision in the global quantum computing market, further solidifying its leadership position in the industry.
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About BNY
The Bank of New York Mellon Corporation is a global financial services company. The Company’s business segment includes Securities Services, Market and Wealth Services and Investment and Wealth Management. The Securities Services business segment consists of Asset Servicing and Issuer Services, which provide business solutions across the transaction life cycle to its global asset owner and asset manager clients. The Market and Wealth Services business segment consists of three lines of business, Pershing, Treasury Services and Clearance and Collateral Management, which provide business services and technology solutions. Its Investment and Wealth Management business segment delivers a diversified portfolio of investment strategies independently, and through its global distribution network, to institutional and retail clients globally. It provides investment management, custody, wealth and estate planning, private banking services, investment servicing and information management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
IQM Completes Business Combination with RAAQ
- Merger Completion: IQM successfully completed its business combination with RAAQ on June 25, 2026, after RAAQ shareholders approved the transaction with the requisite votes, marking a significant milestone in the quantum computing sector for IQM.
- Shareholder Compensation: Following the merger, RAAQ shareholders will receive 14,381,747 American Depositary Shares (ADSs) representing shares in IQM, which are set to begin trading on Nasdaq under the symbol 'IQMX' on July 2, 2026.
- Significant Financing: IQM secured approximately EUR 198.7 million (USD 233.5 million) in net proceeds from the merger and PIPE investment, reflecting strong market confidence and interest in quantum computing technology.
- Strengthened Strategic Vision: The CEO of IQM stated that this transaction enhances the company's ability to execute its long-term vision in the global quantum computing market, further solidifying its leadership position in the industry.
See More
U.S. Stocks Surge with Tech Sector Leading Gains
- Strong Quarterly Performance: The S&P 500 rose 0.8% and the Nasdaq 100 jumped 1.7%, marking their best quarterly performances since 2020, which indicates strong investor confidence in tech stocks and may attract further investments.
- Semiconductor Sector Highlights: The Philadelphia Semiconductor Index recorded its best quarter ever, with the VanEck Semiconductor ETF climbing 3.7% and a year-to-date gain of 82%, reflecting ongoing market focus on AI capital expenditures and driving stock prices of related companies higher.
- Stablecoin Collaboration: Visa, Stripe, and Bank of New York Mellon are among several financial firms joining forces to launch a stablecoin, signaling further consolidation in the fintech sector that could reshape the payments landscape and enhance these companies' competitive positions.
- Divergent Investor Sentiment: While retail sentiment for SPY and DIA was bearish, QQQ sentiment was bullish, indicating differing market perceptions that could influence future investment decisions and market trends.
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BNY Mellon and Circle Expand Stablecoin Partnership for Institutions
- Partnership Expansion: Bank of New York Mellon (BNY) and Circle Internet have announced an expanded partnership aimed at enhancing stablecoin enablement capabilities for institutional clients, thereby increasing flexibility and security in digital asset management.
- Stablecoin Functionality: BNY clients can now hold USDC in their digital asset custody wallets, facilitating transfers, minting, and burning of USDC for U.S. dollars, which supports the full lifecycle of institutional stablecoin activities.
- Primary Custodian Role: BNY currently serves as the primary custodian of USDC reserves, ensuring the safety and compliance of client assets while laying the groundwork for future expansion to additional stablecoin issuers and digital cash workflows.
- Future Plans: BNY plans to gradually expand to more stablecoin issuers, further enhancing its market competitiveness in the digital asset space to meet the growing institutional demand.
See More
Bank of New York Mellon Rated Among Top Dividend Stocks
- Dividend Stock Recommendation: Billionaire Steven Cohen includes Bank of New York Mellon among his top 11 dividend stock picks, indicating strong investor interest that could drive the stock price higher.
- Price Target Increase: Truist raised its price target for Bank of New York Mellon from $148 to $160 while reiterating a Buy rating, reflecting optimism about the company's future performance amid rising interest rates and a strong equity market rally.
- Revenue Outlook Upgrade: During the Q1 2026 earnings call, CFO McDonogh stated that the company expects total revenue to grow approximately 6% year-over-year in 2026, showcasing its competitive position and growth potential in the financial sector.
- Net Interest Income Growth: McDonogh also updated the net interest income guidance, projecting a 10% year-over-year increase for 2026, which will further enhance the company's profitability and investment appeal.
See More
BNY and State Street Plan Dividend Increases Following Stress Test
- BNY Dividend Increase: BNY plans to raise its quarterly cash dividend on common shares from $0.53 to $0.63, a 19% increase effective Q3 2026, which will enhance shareholder returns and boost market confidence.
- State Street Dividend Growth: State Street intends to increase its common stock dividend by 10%, from $0.84 to $0.92 per share, also effective in Q3 2026, demonstrating confidence in future profitability following the stress test results.
- US Bancorp Dividend Adjustment: US Bancorp will increase its quarterly common stock dividend by 3.8%, from $0.52 to $0.54, while retaining $4.1 billion under its existing $5 billion share repurchase program, indicating robust capital management strategies.
- Market Reactions: Despite BNY and US Bancorp's stocks falling 0.3% and 0.7% in after-hours trading, State Street's stock edged up 0.1%, reflecting a positive market response to its dividend growth plans.
See More
BNY Mellon Announces 19% Increase in Quarterly Cash Dividend
- Dividend Increase: BNY plans to raise its quarterly cash dividend on common shares from $0.53 to $0.63, marking a 19% increase expected to commence in Q3 2026, reflecting the company's confidence in its future profitability.
- Stress Test Results: The Federal Reserve's 2026 stress test results indicate that BNY's Stress Capital Buffer requirement has consistently remained at the 2.5% floor since its introduction in 2020, highlighting the resilience of its business model and strong balance sheet.
- Shareholder Return Strategy: BNY continues to be authorized for share repurchases under its existing program approved by the Board, although the timing, manner, and amount of repurchases will depend on the company's capital position and prevailing market conditions, demonstrating its ongoing commitment to shareholder returns.
- Market Position: As of March 31, 2026, BNY oversees $59.4 trillion in assets, serving over 90% of Fortune 100 companies, which further solidifies its leadership position in the global capital markets.
See More
IQM Completes Business Combination with RAAQ
- Merger Completion: IQM successfully completed its business combination with RAAQ on June 25, 2026, after RAAQ shareholders approved the transaction with the requisite votes, marking a significant milestone in the quantum computing sector for IQM.
- Shareholder Compensation: Following the merger, RAAQ shareholders will receive 14,381,747 American Depositary Shares (ADSs) representing shares in IQM, which are set to begin trading on Nasdaq under the symbol 'IQMX' on July 2, 2026.
- Significant Financing: IQM secured approximately EUR 198.7 million (USD 233.5 million) in net proceeds from the merger and PIPE investment, reflecting strong market confidence and interest in quantum computing technology.
- Strengthened Strategic Vision: The CEO of IQM stated that this transaction enhances the company's ability to execute its long-term vision in the global quantum computing market, further solidifying its leadership position in the industry.
See More
U.S. Stocks Surge with Tech Sector Leading Gains
- Strong Quarterly Performance: The S&P 500 rose 0.8% and the Nasdaq 100 jumped 1.7%, marking their best quarterly performances since 2020, which indicates strong investor confidence in tech stocks and may attract further investments.
- Semiconductor Sector Highlights: The Philadelphia Semiconductor Index recorded its best quarter ever, with the VanEck Semiconductor ETF climbing 3.7% and a year-to-date gain of 82%, reflecting ongoing market focus on AI capital expenditures and driving stock prices of related companies higher.
- Stablecoin Collaboration: Visa, Stripe, and Bank of New York Mellon are among several financial firms joining forces to launch a stablecoin, signaling further consolidation in the fintech sector that could reshape the payments landscape and enhance these companies' competitive positions.
- Divergent Investor Sentiment: While retail sentiment for SPY and DIA was bearish, QQQ sentiment was bullish, indicating differing market perceptions that could influence future investment decisions and market trends.
See More
BNY Mellon and Circle Expand Stablecoin Partnership for Institutions
- Partnership Expansion: Bank of New York Mellon (BNY) and Circle Internet have announced an expanded partnership aimed at enhancing stablecoin enablement capabilities for institutional clients, thereby increasing flexibility and security in digital asset management.
- Stablecoin Functionality: BNY clients can now hold USDC in their digital asset custody wallets, facilitating transfers, minting, and burning of USDC for U.S. dollars, which supports the full lifecycle of institutional stablecoin activities.
- Primary Custodian Role: BNY currently serves as the primary custodian of USDC reserves, ensuring the safety and compliance of client assets while laying the groundwork for future expansion to additional stablecoin issuers and digital cash workflows.
- Future Plans: BNY plans to gradually expand to more stablecoin issuers, further enhancing its market competitiveness in the digital asset space to meet the growing institutional demand.
See More
Bank of New York Mellon Rated Among Top Dividend Stocks
- Dividend Stock Recommendation: Billionaire Steven Cohen includes Bank of New York Mellon among his top 11 dividend stock picks, indicating strong investor interest that could drive the stock price higher.
- Price Target Increase: Truist raised its price target for Bank of New York Mellon from $148 to $160 while reiterating a Buy rating, reflecting optimism about the company's future performance amid rising interest rates and a strong equity market rally.
- Revenue Outlook Upgrade: During the Q1 2026 earnings call, CFO McDonogh stated that the company expects total revenue to grow approximately 6% year-over-year in 2026, showcasing its competitive position and growth potential in the financial sector.
- Net Interest Income Growth: McDonogh also updated the net interest income guidance, projecting a 10% year-over-year increase for 2026, which will further enhance the company's profitability and investment appeal.
See More
BNY and State Street Plan Dividend Increases Following Stress Test
- BNY Dividend Increase: BNY plans to raise its quarterly cash dividend on common shares from $0.53 to $0.63, a 19% increase effective Q3 2026, which will enhance shareholder returns and boost market confidence.
- State Street Dividend Growth: State Street intends to increase its common stock dividend by 10%, from $0.84 to $0.92 per share, also effective in Q3 2026, demonstrating confidence in future profitability following the stress test results.
- US Bancorp Dividend Adjustment: US Bancorp will increase its quarterly common stock dividend by 3.8%, from $0.52 to $0.54, while retaining $4.1 billion under its existing $5 billion share repurchase program, indicating robust capital management strategies.
- Market Reactions: Despite BNY and US Bancorp's stocks falling 0.3% and 0.7% in after-hours trading, State Street's stock edged up 0.1%, reflecting a positive market response to its dividend growth plans.
See More
BNY Mellon Announces 19% Increase in Quarterly Cash Dividend
- Dividend Increase: BNY plans to raise its quarterly cash dividend on common shares from $0.53 to $0.63, marking a 19% increase expected to commence in Q3 2026, reflecting the company's confidence in its future profitability.
- Stress Test Results: The Federal Reserve's 2026 stress test results indicate that BNY's Stress Capital Buffer requirement has consistently remained at the 2.5% floor since its introduction in 2020, highlighting the resilience of its business model and strong balance sheet.
- Shareholder Return Strategy: BNY continues to be authorized for share repurchases under its existing program approved by the Board, although the timing, manner, and amount of repurchases will depend on the company's capital position and prevailing market conditions, demonstrating its ongoing commitment to shareholder returns.
- Market Position: As of March 31, 2026, BNY oversees $59.4 trillion in assets, serving over 90% of Fortune 100 companies, which further solidifies its leadership position in the global capital markets.
See More
