Horizon Quantum proposes a US$27 million acquisition
On 5 November , Horizon Quantum entered into a non-binding letter of intent to acquire Singapore-based Entropica Labs for an anticipated US$27 million , payable in Horizon Quantum Class A ordinary shares.
Its SEC filing confirms that the proposed transaction remains subject to due diligence, related audits, definitive agreements and other customary conditions. The acquisition has not been completed.
PCA'S PERSPECTIVE
A share-based offer requires sellers to assess both the business being sold and the securities they would receive. The headline consideration should be considered alongside share-price exposure, liquidity and any sale restrictions. For technology acquisitions, ownership of intellectual property and the retention of key personnel also require close attention.