Penchant Family Holdings tied to Horizon Quantum (HQ) buys 84,602 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Quantum Holdings Ltd. reported an indirect insider purchase linked to its business combination closing. On March 19, 2026, Penchant Family Holdings LLC acquired 84,602 Class A Ordinary Shares at $11.82 per share, for an aggregate price of approximately $1,000,000. The shares are held by Penchant Family Holdings LLC, which is controlled by Penchant Holdings, Inc., where director Danielle Lambert serves as President, so her interest is through this affiliated entity rather than direct personal ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 84,602 shares ($999,996)
Net Buy
1 txn
Insider
Lambert Danielle
Role
Director
Bought
84,602 shs ($1000K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 84,602 | $11.82 | $1000K |
Holdings After Transaction:
Class A Ordinary Shares — 84,602 shares (Indirect, Penchant Family Holdings LLC)
Footnotes (1)
- On March 6, 2026, dMY Squared Technology Group, Inc. ("dMY"), the Company, and Horizon Quantum Computing Pte. Ltd. entered into a subscription agreement with Penchant Family Holdings LLC, whereby the Company, upon the closing of the Company's business combination with dMY, would issue 84,602 shares of the Company's Class A ordinary shares, with no par value (the "Class A Ordinary Shares") to Penchant Family Holdings LLC at a price per share of $11.82, for an aggregate purchase price of approximately $1,000,000. The closing of the Company's business combination occurred on March 19, 2026, and the 84,602 Class A Ordinary Shares of the Company were sold to Penchant Family Holdings LLC on that date. Penchant Family Holdings LLC is controlled by Penchant Holdings, Inc., its Managing Member, of which Danielle Lambert serves as its President.
FAQ
What insider transaction did Horizon Quantum (HQ) disclose in this Form 4?
Horizon Quantum disclosed an indirect insider purchase of 84,602 Class A Ordinary Shares. The shares were acquired by Penchant Family Holdings LLC at $11.82 per share, totaling about $1,000,000, in connection with the company’s business combination closing.
Is the Horizon Quantum (HQ) insider transaction a direct or indirect holding?
The Form 4 classifies the holding as indirect. The 84,602 Class A Ordinary Shares are owned by Penchant Family Holdings LLC, not by Danielle Lambert personally. Her connection is through her role as President of Penchant Holdings, Inc., the LLC’s managing member.