Horizon Quantum lists on Nasdaq following dMY merger

It raised about $154m to fund R&D, hardware testbed, and Triple Alpha.

Horizon Quantum Computing completed a business combination with dMY Squared Technology Group on 19 March 2026, making the Singapore-based firm publicly listed.

Shares started trading on Nasdaq on 20 March under the symbol “HQ,” with warrants under “HQWWW,” according to a press release.

The transaction provides roughly $153.96m ($120m) in gross proceeds before expenses, which the company will use for research and development, funding its hardware testbed, and the Triple Alpha development environment.

The firm develops software infrastructure for quantum applications. dMY Squared Technology Group shareholders approved the deal on 17 March.

Dr Joe Fitzsimons, Founder and Chief Executive Officer (CEO) of Horizon Quantum, said the company supports the next phase of computing.

Harry You, Chairman and CEO of dMY, highlighted its hardware-agnostic software systems that leverage multiple quantum technologies.

(US$1 = SG$1.28)

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