Horizon Quantum signs letter of intent to buy Entropica Labs for USD 27 million in shares
HQ•Horizon Quantum signed a non-binding letter of intent to acquire Entropica Labs for an anticipated USD 27 million in Class A ordinary shares, subject to due diligence, audits, definitive agreements and other customary conditions.
1. Proposed acquisition
Horizon Quantum signed a non-binding letter of intent to acquire Singapore-based Entropica Labs for an anticipated USD 27 million in Class A ordinary shares. Entropica Labs specializes in quantum error correction and fault tolerance; completion is subject to due diligence, related audits, definitive agreements and other customary conditions.
