Heussen Advises Terra Quantum AG in Proposed $3.25 Billion Business Combination with SPAC Mountain Lake Acquisition Corp. II

Heussen advised Terra Quantum AG in the proposed business combination with Mountain Lake Acquisition Corp. II; Kellerhals Carrard acted as Swiss transaction counsel to Terra Quantum AG, and Winston & Strawn served as US counsel to Terra Quantum AG. On 9 April 2026, Terra Quantum AG, a leading quantum technology company, and Mountain Lake Acquisition Corp. II (Nasdaq: MLAA), a special purpose acquisition company, signed a non-binding letter of intent to enter into a business combination that values Terra Quantum AG at USD 3.25 billion. The proposed transaction reflects strong confidence in Terra Quantum’s differentiated quantum algorithms, software, quantum security and hybrid quantum-classical solutions. It recognises the company’s commercial traction across multiple industries, including defence, finance, pharmaceuticals and logistics. If completed, the combined entity would be publicly listed, providing Terra Quantum with enhanced access to capital markets to support its next phase of growth, including product development, global expansion and strategic acquisitions. Heussen represented client(s) Terra Quantum AG with a team composed by: Clemens Richter (Partner, Corporate/M&A). Kellerhals Carrard represented client(s) Terra Quantum AG with a team composed by: Marc Hanslin (Partner, Corporate/M&A). Winston & Strawn represented client(s) Terra Quantum AG with a team composed by: Mike Blankenship (Partner, Capital Markets/Corporate/M&A).

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Heussen Advises Terra Quantum AG in Proposed $3.25 Billion Business Combination with SPAC Mountain Lake Acquisition Corp. II

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Heussen Advises Terra Quantum AG in Proposed $3.25 Billion Business Combination with SPAC Mountain Lake Acquisition Corp. II

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