Horizon Quantum Holdings Ltd. filed its unaudited condensed consolidated interim financial statements for the six months ended June 30, 2026, following the completion of its business combination with dMY Squared Technology Group on March 19, 2026. The company reported a net loss of $118.8 million, driven by a $105.3 million non-cash fair value loss on derivative liabilities and operating expenses totaling $13.7 million. Cash balances increased to $113.3 million from proceeds of approximately $98.2 million received from the business combination and PIPE financing. The company operates in the quantum computing software industry, developing tools like Triple Alpha to accelerate application creation for quantum computers.

Horizon Quantum Holdings reported a net loss of $115.2 million for Q2 2026, driven by a $108.3 million non-cash charge from warrant derivative remeasurement, compared to a $2.9 million loss in the prior year period. Operating expenses rose to $7.2 million as R&D and G&A costs increased significantly due to headcount growth and public company transition activities. The company's cash position strengthened to $113.3 million following the exercise of approximately 2.4 million public warrants for $27.5 million in gross proceeds. Operational milestones included the early access release of its Beryllium programming language, a strategic collaboration with Quantum Machines for calibration technologies, and the opening of its Ember-1 testbed to first users. Horizon Quantum Holdings Ltd. operates in the quantum computing industry, developing software infrastructure and tools to enable developers to build quantum applications.

Horizon Quantum Holdings Ltd. appointed Ms. Qian Yi Amanda Chew as Chief Product Officer, effective August 17, 2026. Ms. Chew previously served as Vice President of Product and joined the company in November 2020 after holding senior roles at Microsoft Corp., including Senior Program Manager for Visual Studio App Center. She holds a Bachelor of Science from Brown University and executive certifications from Stanford, Wharton, and INSEAD. This appointment represents a key executive hire within the quantum computing technology sector.