Horizon Quantum Computing Pte. Ltd. and dMY Squared Technology Group, Inc. Announce $110 Million PIPE Investment to Support Proposed Business Combination

Horizon Quantum Computing Pte. Ltd. and dMY Squared Technology Group, Inc. Announce $110 Million PIPE Investment to Support Proposed Business Combination

SINGAPORE & LAS VEGAS--Dec. 5, 2025--Horizon Quantum Computing Pte. Ltd. (“Horizon Quantum”), a pioneer of software infrastructure for quantum applications, and dMY Squared Technology Group, Inc. (“dMY Squared”) (OTCQB: “DMYY”), a publicly traded special purpose acquisition company, announced that they have entered into subscription agreements with investors for a $110 million PIPE financing comprised of common equity, priced at the SPAC redemption price per share, to support the previously announced proposed business combination (the “Business Combination”) which is expected to close in the first quarter of 2026.

Horizon Quantum Becomes First Quantum Software Company to Own and Operate Quantum Computer

SINGAPORE--Dec. 3, 2025--Horizon Quantum Computing Pte. Ltd., a pioneer of software infrastructure for quantum applications, today announced that it has completed the assembly and integration of a first quantum computer at its Singapore headquarters. The system is now fully operational. Assembled from components and operated directly by Horizon Quantum’s team, this system makes Horizon Quantum the first quantum software company to own and run a quantum computer.

Horizon Quantum Computing to Establish First-of-a-Kind Hardware Testbed

Singapore, 18 April 2024— Horizon Quantum Computing, a company building software development tools for quantum computers, today announced that it is establishing a first-of-a-kind testbed for integrating quantum computing hardware with its software stack, Triple Alpha. The testbed, which will be set up at Horizon’s Singapore headquarters, will have the capacity to host multiple quantum computers. By acquiring its own hardware, Horizon gains full control over both hardware and software stacks, allowing it to push the frontiers of quantum computing.