Articles from dMY Squared Technology Group, Inc.

dMY Squared Technology Group, Inc. (“dMY Squared” or the “Company”) (NYSE American: “DMYY”, “DMYY.U” and “DMYY.WS”), today clarified the Company’s ability to extend the date by which the Company must consummate its initial business combination.

Horizon Quantum Computing Pte. Ltd. (“Horizon Quantum”), a developer of advanced software tools that bridge the gaps between quantum hardware and applications, and dMY Squared Technology Group, Inc. (“dMY Squared”) (NYSE American: “DMYY”, “DMYY.U” and “DMYY.WS”), a publicly traded special purpose acquisition company sponsored by dMY Technology Group (“dMY Technology”), announced today that they have entered into a definitive business combination agreement. When the transaction closes, the publicly traded company will be named Horizon Quantum Holdings Ltd. and its Class A ordinary shares are expected to be listed on Nasdaq under the ticker “HQ”.

Horizon Quantum Computing Pte. Ltd. (“Horizon Quantum”), developer of advanced software development tools for quantum computers, and dMY Squared Technology Group, Inc. (“dMY”) (NYSE American: “DMYY” and “DMYY.WS”), a publicly traded special purpose acquisition company led by Harry You, jointly announced today that they have entered into a non-binding letter of intent (“LOI”) for a business combination. The combined company is expected to be publicly listed.

dMY Squared Technology Group, Inc. (NYSE American: DMYY.U, DMYY, DMYY.WS) (the “Company”), announced today that its previously announced special meeting (the “Special Meeting”) will be postponed from 9:30 a.m. Eastern Time on December 13, 2023 to 11:00 a.m. Eastern Time on January 2, 2024 (the “Postponement”). The Special Meeting is being held for the purpose of considering and voting on the proposals described in the Company’s revised definitive proxy statement, filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 11, 2023 (the “Revised Definitive Proxy Statement”), which includes, among other proposals, a proposal to amend the Company’s Amended and Restated Articles of Organization (the “Extension Amendment Proposal”) to extend the date by which the Company must consummate a business combination from January 4, 2024 to January 29, 2024 (the “Initial Extension”) and to allow the Company, without another shareholder vote, by resolution of the Company’s board of directors, to elect to further extend such date up to twenty-three times for an additional one month each time (each, an “Additional Extension”), until up to December 29, 2025. If the Extension Amendment Proposal is approved, the Company’s sponsor, dMY Squared Sponsor, LLC, its affiliates or its designees have agreed to deposit into the trust account established in connection with the Company’s initial public offering as a loan, (i) on or before January 4, 2024, with respect to the Initial Extension, an amount of $41,667, and (ii) one business day following the public announcement by the Company disclosing that the Board has determined to implement an Additional Extension, with respect to each such Additional Extension, an amount of $50,000.

dMY Squared Technology Group, Inc. (the “Company”) announced today that holders of the units sold in the Company’s initial public offering of 6,319,000 units (the “Units”) completed on October 4, 2022 (the “Offering”) may elect to separately trade the shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), and warrants (the “Warrants”) included in the Units commencing on November 21, 2022. Each Unit consists of one share of Class A Common Stock and one-half of one redeemable warrant. Each whole warrant entitles its holder to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment. Any Units not separated will continue to trade on the NYSE American (the “NYSE”) under the symbol “DMYY.U”, and each of the shares of Class A Common Stock and Warrants will separately trade on the NYSE under the symbols “DMYY” and “DMYY.WS,” respectively. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into shares of Class A Common Stock and Warrants.

dMY Squared Technology Group, Inc. (the “Company”) today announced that it closed its initial public offering of 6,000,000 units, at $10.00 per unit, resulting in gross proceeds of $60 million before fees and expenses. The units are listed on the NYSE American and commenced trading under the ticker symbol “DMYY.U” on Friday, September 30, 2022. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE American under the symbols “DMYY” and “DMYY.WS”, respectively.

dMY Squared Technology Group, Inc. (the “Company”) announced today the pricing of its initial public offering of 6,000,000 units, at a price of $10.00 per unit. The units will be listed on the NYSE American (the “NYSE American”) and trade under the ticker symbol “DMYY.U” beginning on September 30, 2022. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE American under the symbols “DMYY” and “DMYY.WS,” respectively. The offering is expected to close on October 4, 2022.