dMY Squared Amends PIPE Terms for Horizon Quantum Deal

An announcement from dMY Squared Technology Group, Inc. Class A ( (DMYY) ) is now available.

On March 9, 2026, dMY Squared Technology Group, Horizon Quantum Holdings and Horizon Quantum Computing amended their private placement agreements for the approximately $111.9 million PIPE financing tied to their pending business combination. The changes allow certain PIPE investors to use dMY Class A shares they already own or buy in the open market, under strict holding, voting and non-redemption conditions, to offset on a one-for-one basis the number of new Holdco Class A shares they must purchase, potentially reducing cash proceeds but supporting deal completion and share price stability.

The same day, the parties also removed a condition that had required a separate commercial hardware purchase agreement for IonQ Inc.’s PIPE commitment, simplifying the closing requirements for that tranche of the financing. The registration statement for the business combination became effective on February 17, 2026, and dMY has mailed a definitive proxy statement to shareholders ahead of a special meeting, signaling that the transaction is moving into its final approval phase and clarifying incentives and constraints for key institutional investors.

More about dMY Squared Technology Group, Inc. Class A

dMY Squared Technology Group, Inc. is a Massachusetts-based special purpose acquisition company focused on effecting a business combination, currently targeting the quantum computing sector through its planned merger with Singapore-based Horizon Quantum Computing. Horizon Quantum Holdings and its subsidiary Horizon Quantum Computing aim to develop and commercialize quantum computing hardware and software solutions for global enterprise and research customers.

Average Trading Volume: 15,866

Technical Sentiment Signal: Sell

Current Market Cap: $50.89M

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