dMY Squared Advances Horizon Quantum Merger with Oversubscribed PIPE

dMY Squared Technology Group, Inc. Class A ( (DMYY) ) has issued an update.

On March 10, 2026, dMY Squared Technology Group and Horizon Quantum Computing highlighted a series of milestones as they moved toward completing their previously announced business combination, for which the registration statement became effective on February 17, 2026. Horizon Quantum reported that its PIPE financing was oversubscribed, more than doubling the original $50 million target with backing from strategic investors including IonQ and a Fortune 50 technology company, bolstering its capacity to fund R&D, expand its hardware testbed and advance its Triple Alpha quantum software platform.

The company also unveiled expected appointments of seasoned technology and finance executives, including former senior leaders from Apple, Grab and Broadcom, to the board of Horizon Quantum Holdings, the combined entity’s holding company. Operationally, Horizon Quantum said it became the first quantum software firm to own and operate its own quantum computer as a full-stack testbed in Singapore, announced a collaboration with fault-tolerant hardware specialist Alice & Bob, and launched Beryllium, an object-oriented, hardware-agnostic quantum programming language that extends its software stack alongside existing Helium and Hydrogen languages.

dMY scheduled a special shareholder meeting for March 17, 2026 to vote on proposals related to the business combination, with closing targeted for the first quarter of 2026 subject to shareholder approval and customary conditions. Taken together, the capital raise, governance build-out and technical advances position Horizon Quantum to enter the public markets with enhanced resources, a differentiated full-stack quantum development offering and deeper integration into the broader quantum computing ecosystem, which could prove significant for investors and partners as quantum technologies mature.

More about dMY Squared Technology Group, Inc. Class A

dMY Squared Technology Group, Inc. is a blank-check company formed to effect mergers or similar business combinations, currently focused on combining with Horizon Quantum Computing, a Singapore-based pioneer in software infrastructure for quantum applications. Horizon Quantum develops hardware-agnostic quantum programming tools, including its Triple Alpha integrated development environment and related proprietary languages, targeting developers seeking to harness emerging quantum hardware.

Average Trading Volume: 20,272

Technical Sentiment Signal: Sell

Current Market Cap: $51.02M

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