dMY Squared Completes Business Combination with Horizon Quantum, Secures $120M Proceeds
DMYY sits 24% above its 52-week low of $10.88.
Summary
dMY Squared Technology Group, Inc. has completed its business combination with Horizon Quantum Computing, securing approximately $120 million in gross proceeds, with the combined entity set to trade on Nasdaq under "HQ".
Key Events · M&A and Partnerships · DMYY
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Business Combination Completed
dMY Squared Technology Group, Inc. has completed its business combination with Horizon Quantum Computing Pte. Ltd., as approved by dMY's shareholders on March 17, 2026.
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Significant Capital Infusion
The transaction provides Horizon Quantum with approximately $120 million in gross proceeds, which the company plans to use to accelerate investments in research and development and strengthen its hardware testbed.
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Nasdaq Listing and New Ticker
The combined company's Class A ordinary shares and warrants will begin trading on Nasdaq under the ticker symbols "HQ" and "HQWWW" respectively, starting March 20, 2026.
Analysis · DMYY · Real Estate & Construction
This 8-K announces the definitive completion of the previously disclosed business combination between dMY Squared Technology Group and Horizon Quantum Computing. The transaction provides Horizon Quantum with approximately $120 million in gross proceeds, which is a substantial capital infusion for the newly combined entity. This marks a significant milestone, transforming the SPAC into an operating quantum software infrastructure company and enabling its shares to begin trading on Nasdaq under the new ticker symbol "HQ" starting March 20, 2026. This event finalizes the series of financing and merger-related filings seen in early March, providing the company with capital to accelerate its research and development.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DMYY was trading at $13.45 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $52.7M. The 52-week trading range was $10.88 to $15.53. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.