$27MStrategic acquisitionTechnology
Horizon Quantum signs LOI to buy Entropica Labs for $27M in stock
Horizon Quantum, a Singapore-based developer of software infrastructure for quantum applications, signed a non-binding letter of intent to acquire Entropica Labs. Entropica is a Singapore quantum software company specializing in error correction and fault tolerance. The anticipated consideration is $27 million in Horizon Quantum Class A ordinary shares.
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