Horizon Quantum director receives 1.16M shares
After the share distribution, Harry L. You reported 1,212,698 directly held Class A Ordinary Shares; the transfer changed only the form of beneficial ownership.
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Rhea-AI Filing Summary
Horizon Quantum Holdings Ltd. director and 10% owner Harry L. You reported that dMY Squared Sponsor, LLC distributed shares and warrants to its members for no consideration on November 3, 2026. You received 1,163,484 Class A Ordinary Shares and 1,442,330 warrants, which he now owns directly. The share transfer changed only the form of his beneficial ownership; his reported direct share position afterward was 1,212,698 shares. The warrants have an exercise price of $11.50 and expire March 19, 2031.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Warrants F2 | 1,442,330 | $0.00 | $0.00 |
| Other | Class A Ordinary Shares F1, F3 | 1,163,484 | $0.00 | $0.00 |
| Other | Class A Ordinary Shares F1 | 1,163,484 | $0.00 | $0.00 |
Footnotes (3)
- F1. dMY Squared Sponsor, LLC (the "Sponsor") distributed an aggregate of 1,163,484 Class A Ordinary Shares to its members, pro rata, for no consideration. Harry You, the managing member of the Sponsor, received 1,163,484 of the Class A Ordinary Shares distributed by the Sponsor in respect of his membership interest and now owns such shares directly. The distribution effected only a change in the form of Mr. You's beneficial ownership and is exempt from Section 16(b) pursuant to Rule 16a-13.
- F2. The Sponsor distributed an aggregate of 2,884,660 warrants to its members, pro rata, for no consideration. Harry You, the managing member of the Sponsor, received 1,442,330 of the warrants distributed by the Sponsor in respect of his membership interest and now owns the warrants directly. The distribution effected only a change in the form of Mr. You's beneficial ownership and is exempt from Section 16(b) pursuant to Rule 16a-13.
- F3. Prior to the distribution reported herein, Sponsor was the record holder of such securities. Harry L. You is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held of record by the Sponsor.
Key Figures
Key Terms
pro rata technical
beneficial ownership regulatory
Rule 16a-13 regulatory
FAQ
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What are the exercise price and expiration date of the HQ warrants?
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