SEEQC, a developer and manufacturer of scalable, energy-efficient digital chips for quantum computing systems, has entered into a merger agreement with Allegro Merger Corp.
The merger will involve SEEQC forming a wholly-owned subsidiary that will merge with and into Allegro, with Allegro surviving as a wholly-owned subsidiary of SEEQC.
The transaction values SEEQC at approximately $1 billion and involves the sale of approximately $65 million of Allegro's common stock.
Transaction Details
SEEQC will merge with Allegro, forming a wholly-owned subsidiary with Allegro surviving as a wholly-owned subsidiary of SEEQC.
Company Focus
SEEQC develops and manufactures digital, chip-based solutions for quantum computing system developers, integrating control, readout, and processing functions directly on chip.
Technology Deployment
SEEQC's technology has been deployed in collaborations with government agencies, academic institutions, and industry partners, supporting low-latency, efficient data throughput quantum computing operations.
Closing Anticipation
The transactions are expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
- SEEQC's merger with Allegro signifies a strategic move to enhance their quantum chip technology capabilities.
- The merger agreement highlights the increasing investment and interest in quantum computing technologies.
The merger agreement between SEEQC and Allegro sets the stage for technological advancements in the quantum computing industry, demonstrating a significant step towards scalable, energy-efficient quantum systems.