Horizon Quantum Holdings Ltd. (NASDAQ: HQ) issued a clarification on Monday, September 15, 2026, regarding its share structure and lock‑up agreements following its business combination with dMY Squared Technology Group, Inc.
As of the Sunday prior to the statement, the company reported 34,811,740 Class A ordinary shares and 19,744,585 Class B ordinary shares issued and outstanding.
The business combination closed on March 19, 2026. Lock‑up agreements tied to the transaction are set to expire on March 19, 2028, unless an earlier liquidation, merger, capital share exchange or similar transaction allows shareholders to exchange Class A shares for cash, securities or other property. One specific shareholder’s lock‑up ends on September 19, 2027, eighteen months after the closing date.
The company said the statement was issued to correct inaccurate market information that had been circulating about its share count and lock‑up terms.
