---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-009715"
form_type: "8-K"
ticker: null
cik: "0001915380"
company_name: "dMY Squared Technology Group, Inc."
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:20:35.660988+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# dMY Squared announces $110M PIPE for Horizon Quantum deal; led by IonQ and Fortune 50

## Summary
- PIPE subscription agreements for $110M in common equity at SPAC redemption price signed.
- Lead investors include IonQ (IONQ) and a Fortune 50 company; commitments exceeded original target by 120%.
- Business combination with Horizon Quantum expected to close Q1 2026; combined cash ~$137M (assuming no redemptions).
- Proceeds to accelerate R&D, hardware testbed, and Triple Alpha development environment.
- IonQ gets board nomination rights, 18-month lock-up, and condition to enter commercial agreement.

## SEC filing metadata
- accession: 0001829126-25-009715
- form_type: 8-K
- cik: 0001915380
- company_name: dMY Squared Technology Group, Inc.
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1915380/000182912625009715/0001829126-25-009715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1915380/000182912625009715/dmysquared_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-009715
- JSON: https://secwatch.observer/filing/0001829126-25-009715.json
- Plain text: https://secwatch.observer/filing/0001829126-25-009715.txt

## Key facts
- Material Agreements
  dMY Squared Technology Group, Inc. entered into Side Letter with IonQ, Inc. (effective 2025-12-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: IonQ, Inc.
  - Effective: 2025-12-04
  source text: In connection with the PIPE Subscription Agreement, Holdco, dMY, Horizon and IonQ, Inc. (“ IonQ ”), one of the Subscribers, entered into an agreement (the “ Side Letter ”), which includes, among other things that:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1915380/000182912625009715/0001829126-25-009715-index.htm
- Material Agreements
  dMY Squared Technology Group, Inc. entered into PIPE Subscription Agreements with certain institutional and accredited investors, qualified institutional buyers and strategic investors valued at approximately $110 million (effective 2025-12-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional and accredited investors, qualified institutional buyers and strategic investors
  - Value: approximately $110 million
  - Effective: 2025-12-04
  source text: On December 4, 2025, dMY Squared Technology Group, Inc., a Massachusetts corporation (“ dMY ”), Rose Holdco Pte. Ltd. (Company Registration No.: 202537774K), a Singapore private company limited by shares (“ Holdco ”), and Horizon Quantum Computing Pte. Ltd. (Company Registration No.: 201802755E), a Singapore private limited company by shares (“ Horizon ”), entered into Subscription Agreements (the “ PIPE Subscription Agreements ”) with certain institutional and accredited investors, qualified institutional buyers and strategic investors (the “ Subscribers ”), in connection with the previously-announced business combination among dMY, Holdco, and Horizon (the “ Business Combination ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1915380/000182912625009715/0001829126-25-009715-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.