Charlton Aria to merge with KQC Quantum in $80M SPAC deal

CHARU signed a definitive Business Combination Agreement to merge with KQC Quantum, Inc., a Korean quantum computing company, valuing the deal at $80 million in equity value. The merger will result in CHARU surviving as a subsidiary of KQC's parent, with the combined entity listing on Nasdaq under a new ticker, representing a material corporate event with specific consideration terms and stock structure changes.

A blank-check acquisition company (CHARU) agreed to merge with a South Korean quantum computing firm in an $80 million deal, which will create a Nasdaq-listed public company combining both businesses.