Horizon Quantum and dMY Squared Technology Group have agreed to a definitive business combination agreement.
The transaction values Horizon Quantum at approximately US$503 million.
The combined entity will be named Horizon Quantum Holdings Ltd. and is expected to be listed on Nasdaq under the ticker symbol 'HQ'.
Significant Acceleration in Development
Transaction expected to significantly boost Horizon Quantum's software infrastructure for quantum computing.
Addressing Quantum Computing Challenges
Horizon Quantum's software tools aim to bridge the gap between quantum hardware and applications, crucial for realizing the potential of quantum computing.
Key Software Innovations
The company's Triple Alpha integrated development environment simplifies quantum software creation, automates quantum acceleration, and enables quantum programming on existing hardware.
- The anticipated quantum computing revolution could lead to groundbreaking technological advancements.
- Horizon Quantum's approach to software development is crucial for unlocking the full potential of quantum computers and achieving quantum advantage.
- Through the merger, the companies aim to accelerate technological development and access capital to capitalize on quantum computing advancements.
The agreement between Horizon Quantum and dMY Squared marks a significant step towards advancing quantum computing through cutting-edge software solutions. This strategic partnership sets the stage for pioneering developments in the quantum computing industry.