Horizon Quantum Signs Non-Binding Letter of Intent to Acquire Entropica Labs

Horizon Quantum Signs Letter Of Intent To Acquire Entropica Labs

Horizon Quantum signs a letter of intent to acquire Entropica Labs for $27 million in stock, expanding its quantum software infrastructure capabilities in error correction and fault tolerance.

Horizon Quantum Plans Entropica Acquisition in Expected $27 Million Share Deal

The planned purchase targets a Singapore-based quantum software company focused on error correction and fault tolerance.

Horizon Quantum Signs Letter of Intent to Acquire Entropica Labs for $27 Million

Horizon Quantum Holdings Ltd. intends to acquire Entropica Labs Pte. Ltd. for $27 million in an all-equity deal. This acquisition combines Horizon's quantum program synthesis with Entropica's quantum error correction software. The goal is to automate the translation of high-level code into fault-tolerant circuits, integrating application synthesis and error correction.

Horizon Quantum Signs Non-Binding Letter of Intent to Acquire Entropica Labs

SINGAPORE--(BUSINESS WIRE)--Horizon Quantum Holdings Ltd. (Nasdaq: HQ) (“Horizon Quantum”), a pioneer of software infrastructure for quantum applications, today announced that they have signed a non-binding letter of intent to acquire Entropica Labs Pte. Ltd. (“Entropica Labs”), a Singapore-based quantum software company specializing in error correction and fault tolerance, for an anticipated consideration of $27 million USD of Horizon Quantum C…