HORIZON QUANTUM HOLD.CL.A

Horizon Quantum discloses figures on its share structure: 34,811,740 class A common shares and 19,744,585 class B common shares were issued and outstanding. The company confirms that the lock-up agreements entered into in connection with the merger with dMY Squared Technologie Group remain in effect and will only lapse upon the earliest occurrence of a specified liquidation/merger/share-exchange event or on March 19, 2028. One shareholder is subject to a different lock-up period that ends on September 19, 2027. » More on de.investing.com

Horizon Quantum reported a net loss of $115.2 million ($2.20 per share) for Q2, well below analysts' estimates; $108.3 million of the loss resulted, the company said, from a non‑cash revaluation of warrant liabilities. Cash increased to $113.3 million, while the company has not yet generated revenue and both operating expenses and headcount rose significantly. The stock fell about 6.4% in premarket trading to $12.91. Horizon Quantum highlighted progress on its software and hardware roadmap, including the early‑access launch of Beryllium and the opening of the Ember‑1 testbed. » More on de.investing.com