Kuala lumpur: Horizon Quantum Computing Pte. Ltd. ('Horizon Quantum'), a pioneer in software infrastructure for quantum applications, has announced the completion of its business combination with dMY Squared Technology Group, Inc. ('dMY'). The merger, which was approved by dMY's shareholders at a special meeting on March 17, 2026, marks a significant milestone for both companies.

According to BERNAMA News Agency, the combined company's Class A ordinary shares and warrants are set to begin trading on Nasdaq under the ticker symbols 'HQ' and 'HQWWW' starting March 20, 2026. This business combination provides Horizon Quantum with gross proceeds of approximately $120 million before transaction expenses. The company plans to utilize these funds to accelerate investments in research and development, enhance its hardware testbed, and further advance its integrated development environment, Triple Alpha.

Horizon Quantum is focused on building software infrastructure that enables developers to leverage quantum computing for solving complex computational challenges. This strategic move is expected to bolster the company's capabilities in addressing some of the world's most demanding computational problems through quantum technology.