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 Class A ordinary shares (the “Proposed Transaction”)