Horizon Quantum Holdings to Acquire Entropica Labs in $27 Million All-Stock Deal
Horizon Quantum Holdings has announced a definitive agreement to acquire Singapore-based quantum software firm Entropica Labs. The acquisition is structured as an all-stock transaction, with the anticipated consideration valued at approximately $27 million in Horizon Quantum Class A ordinary shares. Entropica Labs specializes in critical quantum computing technologies, specifically focusing on error correction and fault tolerance. This strategic move aims to bolster Horizon Quantum's software capabilities within the rapidly evolving quantum computing sector.
Tickers: $HQ
Topics: Mergers and Acquisitions Quantum Computing Software Acquisition