Horizon Quantum Computing and dMY Squared Sign Non-Binding Letter of Intent for Business Combination.

Horizon Quantum Computing and dMY Squared Technology Group have signed a non-binding letter of intent for a business combination, aiming to create a publicly listed company. The combined company is expected to be led by Horizon Quantum's CEO, Dr. Joe Fitzsimons, who is developing software development tools for quantum computers and laying the foundations for a quantum operating system. The deal is subject to further negotiations and regulatory approvals.

The quantum computing industry is on the brink of a revolution, with the potential to provide unprecedented computational power. However, the challenge of translating real-world problems into quantum solutions remains significant [1]. To address this, Horizon Quantum Computing Pte. Ltd. (Horizon Quantum) and dMY Squared Technology Group, Inc. (dMY) have signed a non-binding letter of intent (LOI) for a business combination, aiming to create a publicly listed company [1].

Horizon Quantum, led by CEO Dr. Joe Fitzsimons, is at the forefront of developing software development tools for quantum computers and laying the foundations for a quantum operating system [1]. With quantum hardware continuously advancing, the true revolution lies in enabling users to harness these powerful systems for solving real-world challenges [1]. Dr. Fitzsimons expressed his excitement about partnering with dMY, stating, "We are committed to breaking through the 'applications bottleneck' and unlocking the full potential of quantum computing" [1].

dMY, with its experience in enterprise hardware and software and a successful track record in the quantum computing industry, will bring valuable resources and expertise to the table [1]. The combined company aims to create a common software platform across different quantum computing hardware approaches, further accelerating the development and implementation of quantum solutions [1].

The LOI is subject to further negotiations and regulatory approvals [1]. With the potential to revolutionize quantum application development, this partnership between Horizon Quantum and dMY is one to watch.

References:
[1] Horizon Quantum and dMY Squared Technology Group Sign Non-Binding Letter of Intent for a Business Combination. Horizon Quantum. February 26, 2025. https://www.horizonquantum.com/updates/news/horizon-quantum-and-dmy-squared-sign-non-binding-letter-of-intent-for-a-business-combination