What Happened
Quantum Art And Classiq Pursue SPAC Mergers Amid Investor Enthusiasm
Israeli quantum startups Quantum Art and Classiq are in advanced negotiations for Wall Street listings through special purpose acquisition companies, with valuations expected between $2 billion and $5 billion. The companies are developing quantum computing technologies, with Quantum Art focusing on trapped-ion technology and Classiq developing a quantum software platform. A decision is expected within weeks, according to Ynetnews.