Horizon Quantum Holdings Ltd. filed a Form 6-K on November 5, 2026, disclosing that the company entered into a non-binding letter of intent to acquire Entropica Labs Pte. Ltd. for approximately $27 million in Class A ordinary shares.

Key Highlights

  • Non-binding letter of intent signed: Horizon Quantum Holdings entered into the Non-Binding LoI on November 5, 2026, the same date as the filing.
  • Target company: Entropica Labs Pte. Ltd., described as a Singapore private company limited by shares.
  • Anticipated consideration: $27 million, to be paid in the form of the company's Class A ordinary shares.
  • Conditions required: The proposed transaction is subject to completion of due diligence, related audits, signing of definitive agreements, and satisfaction of other customary conditions.
  • Non-binding nature: The letter of intent is explicitly described as non-binding.
  • Signed by: Joseph Fitzsimons, Chief Executive Officer and Chairman of Horizon Quantum Holdings Ltd.

Horizon Quantum Holdings Discloses Non-Binding Intent to Acquire Entropica Labs

According to the Form 6-K filed with the U.S. Securities and Exchange Commission, Horizon Quantum Holdings Ltd. (NASDAQ:HQ) announced on November 5, 2026 that it had entered into a non-binding letter of intent to acquire Entropica Labs Pte. Ltd. The target is described in the filing as a Singapore private company limited by shares. The company simultaneously issued a press release on the same date, which is attached to the filing as Exhibit 99.1.

The filing states that "the proposed transaction contemplates $27 million in anticipated consideration to be paid by the Company in the form of its Class A ordinary shares." No cash component is mentioned. The company disclosed that the transaction remains subject to several conditions, including "the completion of appropriate due diligence, related audits, the signing of definitive agreements and satisfaction of other customary conditions."

The filing makes clear that the letter of intent is non-binding in nature, and no definitive agreement has been reached. Horizon Quantum Holdings is incorporated with a principal executive office at 29 Media Cir., #05-22, Singapore, 138565, and files annual reports under Form 20-F as a foreign private issuer. The 6-K covers the month of November 2026 under Commission File Number 001-43203.

What Was Disclosed

Horizon Quantum Holdings filed a 6-K reporting a non-binding letter of intent, dated November 5, 2026, to acquire Entropica Labs Pte. Ltd. for $27 million in Class A ordinary shares, subject to due diligence, audits, and definitive agreements.