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Horizon Quantum Holdings Ltd. reported that dMY Squared Sponsor, LLC, an entity associated with director and 10% owner Harry L. You, acquired indirect equity interests in connection with the closing of its business combination with Horizon Quantum Computing Pte. Ltd. and dMY Squared Technology Group, Inc.
The Sponsor received 1,163,484 Class A ordinary shares as a grant in exchange for 1,163,484 shares of DMY Class A common stock, and 2,884,660 warrants to purchase Class A ordinary shares at an exercise price of $11.50 per share, both at a transaction price of $0.00 per security. On the business combination effective date, DMY’s Class A common stock closed at $13.50 and its warrants at $2.69.
After these transactions, Mr. You is reported with 1,163,484 Class A ordinary shares and 2,884,660 warrants held indirectly through the Sponsor and 49,214 Class A ordinary shares held directly, while each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Horizon Quantum Holdings Ltd. reported that its Chief Financial Officer, Gould Greg, filed an initial Form 3 as a reporting person. The filing is an initial statement of beneficial ownership and, in this data, does not list any buy, sell, or derivative transactions.
Horizon Quantum Holdings Ltd. director Oey Peter Henry has filed an initial Form 3, which is the required statement of beneficial ownership for company insiders. The provided data shows no reportable transactions or derivative positions, indicating this filing is purely an initial registration of insider status.