m_and_a
confidence high
sentiment neutral
materiality 0.75
dMY Squared Technology Group enters $503M business combination with Horizon Quantum Computing
dMY Squared Technology Group, Inc.
- SPAC dMY Squared Technology Group to combine with Horizon Quantum Computing in transaction valuing Horizon at $503 million.
- Horizon shareholders will receive Holdco ordinary shares; dMY shareholders can redeem their shares before the merger.
- Holdco (renamed Horizon Quantum Holdings Ltd.) will list its ordinary shares on NYSE, NYSE American, or Nasdaq.
- Closing subject to shareholder approvals, SEC effectiveness, and other conditions; outside date December 29, 2025.
- Sponsor support agreement restricts transfer of shares and requires a vote in favor.
item 1.01item 7.01item 9.01