SEEQC, Inc. and Allegro Merger Corp. have entered into a definitive merger agreement.
Upon completion of the merger, all outstanding shares of Allegro will be canceled and exchanged for shares of SEEQC's common stock.
The transaction values SEEQC at approximately $1 billion.
Merger Agreement
Under the agreement, SEEQC will form a wholly owned subsidiary to merge with and into Allegro.
Transaction Value
The transaction values SEEQC at about $1 billion.
Technology Focus
SEEQC develops digital chips for quantum computing systems, integrating control, readout, and processing functions directly on the chip.
Collaborations
SEEQC has collaborated with government agencies, academic institutions, and industry partners like IBM, NVIDIA, and Booz Allen Hamilton.
- The merger is set to close in the second quarter of 2026, subject to regulatory and shareholder approvals.
- SEEQC's technology aims to make quantum systems scalable and energy efficient, supporting quantum computing operations at milliKelvin temperatures.
The joint merger agreement between SEEQC and Allegro Merger Corp. marks a significant step towards the commercial viability of quantum computing systems.