The quantum computing industry continues to evolve rapidly, driven by breakthroughs in hardware architecture, energy efficiency, and system scalability. In a significant move that underscores this momentum, SEEQC, Inc., a developer and manufacturer of digital chips purpose-built for quantum computing systems, has announced a definitive merger agreement with Allegro Merger Corp., an SEC reporting company. The transaction positions SEEQC to accelerate its mission of enabling practical, scalable quantum computing through advanced, chip-based innovation.
A Merger Designed to Scale Quantum Innovation
Under the terms of the agreement, SEEQC will form a wholly owned subsidiary that will merge with and into Allegro, with Allegro surviving as a wholly owned subsidiary of SEEQC. Upon completion of the transaction, all outstanding shares of Allegro’s common stock—including those issued through a private investment in public equity (PIPE) transaction—will be canceled and exchanged for shares of SEEQC common stock.
In connection with the merger, SEEQC and Allegro have entered into subscription agreements for the sale of approximately $65 million in common stock, strengthening the combined company’s balance sheet. The transaction values SEEQC at approximately $1 billion, reflecting market confidence in the company’s differentiated quantum computing hardware strategy.
Addressing Quantum Computing’s Efficiency Challenge
One of the most persistent challenges in quantum computing is the dependence on bulky, power-intensive room-temperature electronics to control and read out quantum processors. SEEQC directly addresses this issue with energy-efficient digital chips that integrate control, readout, and classical processing functions directly on-chip and alongside quantum processing units (QPUs).
By colocating these functions with qubits at milliKelvin temperatures, SEEQC’s architecture significantly reduces latency and minimizes the need for extensive external electronics. This approach supports faster, more efficient data throughput—an essential requirement for building scalable and commercially viable quantum computing systems.
A Flexible Architecture Across Qubit Modalities
SEEQC’s chip-based solutions are designed to operate across multiple qubit modalities, including superconducting qubits, spin silicon, and other emerging quantum technologies. This hardware-agnostic approach makes SEEQC a compelling partner for quantum computing system developers seeking flexibility and long-term scalability.
As the quantum ecosystem matures, interoperability and adaptability are becoming critical differentiators. SEEQC’s architecture aligns with these priorities by enabling tighter integration between classical and quantum components, a key step toward fault-tolerant and large-scale quantum machines.
Proven Collaborations Across Government and Industry
SEEQC’s technology has already been deployed in research and system-integration collaborations with leading government agencies, academic institutions, and industry partners. Notably, the company has worked with IBM under the U.S. Department of Defense’s DARPA Quantum Benchmarking Initiative, underscoring the credibility and real-world relevance of its solutions.
The company has also previously disclosed collaborations with NVIDIA, Booz Allen Hamilton, and Rigetti, among others. These partnerships highlight SEEQC’s role at the intersection of quantum hardware, high-performance computing, and national research initiatives.
Transaction Timeline and Regulatory Path
Both SEEQC’s and Allegro’s Boards of Directors have unanimously approved the merger. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including regulatory and shareholder approvals. Additional details will be disclosed in a Current Report on Form 8-K to be filed by Allegro with the U.S. Securities and Exchange Commission.
Building the Foundation for Practical Quantum Computing
This merger represents more than a corporate milestone—it reflects a broader industry shift toward scalable, energy-efficient quantum computing hardware. By combining capital resources with a proven, chip-based architecture, SEEQC is well positioned to help bridge the gap between experimental quantum systems and real-world deployment.
About SEEQC
SEEQC is building quantum computers on a chip. SEEQC’s digital chip technology is designed to make quantum systems scalable, energy efficient, and commercially viable. SEEQC’s chip-based approach works across the entire quantum ecosystem. Its digital chips power quantum AI and heterogeneous computing. Founded as a spin-out from Hypres, itself founded by key members from IBM’s superconducting electronics division, SEEQC is led by a world-class team and operates advanced chip development and fabrication facilities in the United States and Europe.
