Research analysts covering dMY Squared Technology Group.
Recent press releases and 8-K filings for DMYY.
dMY Squared Technology Group, Inc. Announces $110 Million PIPE Investment for Business Combination
DMYY
M&A
New Projects/Investments
- dMY Squared Technology Group, Inc. (DMYY) and Horizon Quantum Computing Pte. Ltd. announced a $110 million PIPE financing to support their proposed business combination.
- The financing includes investments from IonQ and a Fortune 50 technology company.
- The business combination is expected to close in the first quarter of 2026.
- Upon closing, Horizon Quantum expects to have access to approximately $137 million in cash (prior to transaction costs and assuming no redemptions), which will be used to accelerate research and development, strengthen its hardware testbed, and further advance its Triple Alpha development environment.
Dec 5, 2025, 11:15 AM
dMY Squared Technology Group Announces Business Combination with Horizon Quantum Computing
DMYY
M&A
New Projects/Investments
- dMY Squared Technology Group, Inc. (DMYY) entered into a business combination agreement with Rose Holdco Pte. Ltd. and Horizon Quantum Computing Pte. Ltd. on September 9, 2025.
- Horizon Quantum is valued at a $500 million pre-money equity value.
- The transaction is expected to close by Q1 2026.
- Pro forma ownership post-combination is estimated to be Horizon Quantum 84.1%, DMYY Sponsor 3.0%, DMYY Public 4.5%, and Est. Equity Financing 8.3%.
- For the year ended December 31, 2024, Horizon Quantum reported revenue of $263,505 and a net loss of ($5,477,364).
Oct 14, 2025, 1:29 PM
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