Horizon Quantum Completes Business Combination with dMY Squared, Raises Approximately $120M
Horizon Quantum (HQ) announced that it has completed its previously announced business combination with dMY Squared Technology (DMYY). The business combination was approved by dMY's shareholders at dMY's special meeting held on March 17. On March 20, the combined company's Class A ordinary shares will begin trading on Nasdaq under the ticker (HQ). The closing of the business combination provides Horizon Quantum with gross proceeds of approximately $120M, before transaction expenses, which the company plans to use to accelerate its investments in research and development, strengthen its hardware testbed, and further advance its integrated development environment Triple Alpha.
