dMY Squared Technology Group Completes Merger with Horizon Quantum Computing; New Entity 'HQ' Begins Nasdaq Trading

summarizeSummary

dMY Squared Technology Group, Inc. has completed its business combination with Horizon Quantum Computing, with the combined entity, Horizon Quantum Holdings Ltd., now trading on Nasdaq under the ticker 'HQ'.

check_boxKey Events

• Business Combination Completed

  dMY Squared Technology Group, Inc. officially consummated its merger with Horizon Quantum Computing Pte. Ltd. on March 19, 2026.

• New Nasdaq Listing

  The combined entity, Horizon Quantum Holdings Ltd., commenced trading its Class A ordinary shares and warrants on The Nasdaq Stock Market LLC under the new ticker symbols 'HQ' and 'HQWWW' on March 20, 2026.

• High Share Redemptions

  Approximately 1,403,777 SPAC Public Shares were redeemed at a price of $11.82 per share, totaling approximately $16.47 million.

• Leadership and Corporate Structure Changes

  The SPAC's directors and officers ceased their roles, and the company became a wholly-owned subsidiary of Horizon Quantum Holdings Ltd., with its name changing to 'Horizon Quantum, Inc.'.

auto_awesomeAnalysis

This 8-K filing confirms the successful consummation of the business combination between dMY Squared Technology Group, Inc. and Horizon Quantum Computing. This is a transformational event for dMY Squared investors, as the SPAC structure has dissolved into the operating company, Horizon Quantum Holdings Ltd., which has now commenced trading on Nasdaq under new ticker symbols. While the completion of the merger provides clarity and a path forward for the combined entity, the significant redemptions of SPAC shares, totaling $16.47 million, indicate a notable portion of original SPAC investors opted out. Investors should now focus on the performance and disclosures of Horizon Quantum Holdings Ltd. under its new Nasdaq listing.