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Horizon Quantum launches on Nasdaq after merger

Mar 20, 2026, 10:20 AM10
(Update: Mar 20, 2026, 10:20 AM)
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Horizon Quantum launches on Nasdaq after merger

  • Horizon Quantum completed its merger with dMY Squared Technology Group and began trading on Nasdaq.
  • The merger secured $120 million to enhance research, development, and hardware capabilities.
  • The company aims to provide software infrastructure for the growing quantum computing industry.
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In Singapore, Horizon Quantum Computing began trading on the Nasdaq on March 20, 2026, following its merger with the special purpose acquisition company dMY Squared Technology Group. Founded by Dr. Joe Fitzsimons, the company specializes in software infrastructure for quantum applications. With this merger, Horizon Quantum secured approximately $120 million in gross proceeds before transaction costs, which will be utilized to enhance its investments in research and development and strengthen its hardware capabilities. Dr. Joe Fitzsimons, who has over 20 years of experience in quantum computing research, expressed confidence in the future of the technology, highlighting recent advancements in quantum hardware and error correction. The merger aims to facilitate the delivery of software infrastructure crucial for exploiting quantum computing's potential and addressing complex computational challenges. Horizon Quantum's approach is inherently hardware-agnostic, allowing it to thrive regardless of market dynamics across various quantum modalities, which includes advancements in cloud computing. Furthermore, the company is working on transforming conventional programming languages such as C and Python into quantum applications through its innovative algorithm synthesis technology. This method preserves the original functions of the code while enabling it to run on quantum architectures. As the market for quantum computing continues to evolve, Horizon Quantum is well-positioned for growth and innovation, indicating a significant milestone in the realm of quantum technology. The company's leadership anticipates accelerating its development processes following the successful completion of the merger and subsequent listing on Nasdaq, reflecting an overall optimism towards unlocking the full capabilities of quantum computing.

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