Horizon Quantum: Harry L. You reports 7.4% stake
The reported 7.4% ownership calculation uses 34,227,495 Class A ordinary shares outstanding as of June 30, 2026.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Horizon Quantum Holdings Ltd. (HQ) reported that dMY Squared Sponsor, LLC made a pro rata in-kind distribution for no consideration on November 3, 2026, transferring 1,163,484 Class A ordinary shares and 2,844,660 warrants to its members. Harry L. You, the Sponsor’s managing member, received 1,163,484 shares and 1,442,330 warrants and now holds them directly.
Harry L. You reported beneficial ownership of 2,655,028 shares, or 7.4%; the ownership breakdown lists 1,212,698 Class A ordinary shares and 1,422,330 shares issuable upon warrants. The transaction description’s 1,442,330 warrants received differs from the 1,422,330 warrant shares in that breakdown. The percentage calculation uses 34,227,495 Class A ordinary shares outstanding as of June 30, 2026.
Filing Explained
The amendment reports that after the November 3 distribution, dMY Squared Sponsor has zero beneficial ownership of Horizon Quantum shares, leaving no reported beneficial stake at the sponsor; Harry L. You’s position is reported separately.
Key Figures
Key Terms
pro rata in-kind distribution financial
beneficially owned financial
sole dispositive power financial
issuable upon the exercise of warrants financial
FAQ
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What did dMY Squared Sponsor distribute in HQ?
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