Horizon Quantum Secures $110M PIPE for SPAC Merger

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Horizon Quantum and dMY Squared Announce $110 Million PIPE Investment for Business Combination

SINGAPORE AND LAS VEGAS, NV - December 5, 2025 - Horizon Quantum Computing Pte. Ltd., a pioneer in software infrastructure for quantum applications, and dMY Squared Technology Group, Inc. (OTCQB: "DMYY"), a publicly traded special purpose acquisition company (SPAC), have announced a significant $110 million Private Investment in Public Equity (PIPE) financing.

This substantial investment is set to bolster their proposed business combination, which is anticipated to close in the first quarter of 2026. The PIPE financing, which exceeded Horizon Quantum's original target raise by more than 120%, demonstrates strong investor confidence.

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About Horizon Quantum Computing Pte. Ltd.

Horizon Quantum Computing is developing a new generation of programming tools to simplify and expedite the process of developing software for quantum computers. By removing the need for prior quantum computing experience to develop applications for quantum hardware, Horizon’s tools are making the power of quantum computing accessible to every software developer. The company was founded by Dr. Joe Fitzsimons in 2018, a former professor with two decades of experience in quantum computing and computational complexity theory. The leadership team also includes Dr. Si-Hui Tan, Chief Science Officer, who holds a Ph.D. in Physics from MIT and has been actively involved in quantum research for the same period.

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