Quantum computing startup IonQ announces $2bn SPAC merger
Quantum computing startup IonQ has announced a $2bn merger with a Special Purpose Acquisition Company (SPAC).The startup has entered into a merger agreement with dMY Technology Group, Inc. III, to become the first publicly traded quantum computing company.The combined company is expected to be valued at around $2 billion and IonQ shares will trade on the NYSE under “IONQ.”“This transaction advances IonQ’s mission, to solve critical problems that impact nearly every aspect of society,” said Peter Chapman, CEO & president of IonQ.“With our key strategic partners, such as Breakthrough Energy Ventures, Hyundai Motor Company, and Kia Corporation, we look forward to leveraging the power of quantum computing in the fight against climate change and to solve vexing problems from materials design to logistics that impact the transportation...
