Hyundai, Kia and GV are contributing to a $350 PIPE in support of a reverse merger that will value the Maryland and Duke-linked company at $2bn.
IonQ, a US-based quantum computing technology developer exploiting University of Maryland and Duke University research, agreed yesterday to list through a reverse takeover.
The company is merging with dMY Technology Group, a special purpose acquisition company that floated on the New York Stock Exchange in a $275m initial public offering in November 2020. The combined business will have a pro forma implied valuation of $2bn.
The transaction will be supported by $350m in private investment in public equity…
