dMY Squared Expands PIPE Financing for Horizon Quantum Merger

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

dMY Squared Technology Group and Horizon Quantum Holdings expanded their previously announced private investment in public equity financing on March 6, 2026, entering new subscription agreements that lifted the total PIPE commitment to about $111.9 million of Class A ordinary shares. The latest tranche includes a $1 million investment from Penchant Family Holdings, whose president Danielle Lambert is a director nominee of Holdco, and follows the February 17, 2026 effectiveness of the Form F-4 registration statement and mailing of the definitive proxy statement for shareholder votes on the pending business combination with Horizon Quantum Computing.

The enlarged PIPE financing is intended to support the closing and post-merger capitalization of the Horizon-dMY transaction, with the parties warning that completion remains subject to shareholder approvals, market conditions, redemptions and other regulatory and legal risks. The companies highlighted that the outcome of the business combination, the ability to maintain a future stock exchange listing, and the operational ramp-up of Horizon’s quantum computing platform could all materially affect returns for existing shareholders and new PIPE 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 executing a business combination with Horizon Quantum Computing, a Singapore-based quantum computing firm. The transaction is structured through Horizon Quantum Holdings Ltd., which will serve as the listed holding company for the combined business targeting the emerging quantum technology market.

Average Trading Volume: 15,866

Technical Sentiment Signal: Sell

Current Market Cap: $50.89M

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