dMY Squared Completes Merger with Horizon Quantum, Lists on Nasdaq dMY Squared Technology Group, Inc. finalized its merger with Horizon Quantum Computing on March 19, 2026, creating a new publicly traded entity under the name Horizon Quantum Holdings Ltd. The transaction saw Horizon Quantum Computing become a wholly owned subsidiary of Holdco, while dMY Squared transitioned into a subsidiary of Holdco. The merged company’s Class A ordinary shares and warrants began trading on Nasdaq under the symbols “HQ” and “HQWWW” on March 20, 2026. As part of the deal, 1,403,777 SPAC public shares were redeemed at approximately $11.82 per share, totaling around $16.47 million in cash returned to shareholders. The warrants were amended to reference Holdco’s Class A ordinary shares, and a change in control occurred, with Holdco now overseeing dMY Squared. A new board of directors and management team was appointed at Horizon, including Joseph Fitzimons as CEO, Si-Hui Tan as Chief Science Officer, and Greg Gould as CFO. The merger was structured through a business combination agreement signed in September 2025, which involved the conversion of Holdco from a Singapore private company to a public entity. Horizon and Merger Sub 1 amalgamated, with Horizon surviving as a subsidiary of Holdco, while Merger Sub 2 merged with dMY Squared, which became a wholly owned subsidiary of Holdco. The transaction marked a significant shift for dMY Squared, transforming it from a standalone SPAC into a subsidiary of a publicly traded entity. The deal’s financial details, including remaining non-redeemed SPAC capital and other financing terms, were not disclosed in the filing. Future filings, such as Holdco’s Form 20-F for the business combination, will provide additional financial and operational details.#nasdaq #dmy_squared_technology_group #horizon_quantum_computing #holdco #joseph_fitzimons
