dMY Squared Technology Group extends merger deadline

Published 28/12/2024, 21:44
dMY Squared Technology Group extends merger deadline

dMY Squared Technology Group, Inc., a special purpose acquisition company, has announced an extension for completing its initial business combination. The Las Vegas-based company, trading on the NYSE American under the ticker symbols DMYY.U, DMYY, and DMYY.WS, has moved the deadline from December 29, 2024, to January 29, 2025. This extension is part of up to 23 potential one-month extensions that the company is allowed to exercise, potentially pushing the final date to December 29, 2025.

The decision, made by the company's board of directors on Friday, involves depositing an additional $50,000 into the company's trust account. This action aligns with the terms set out in the company's Amended and Restated Articles of Organization. The extension gives dMY Squared Technology Group additional time to secure a merger or acquisition that aligns with its investment strategy.

dMY Squared Technology Group, which operates under the SIC code for blank checks (6770), indicating its status as a vehicle for mergers and acquisitions, has not specified the reasons for the extension or identified potential business combination targets. The company's Chief Financial Officer and Chairman, Harry L. You, signed the SEC filing confirming the board's resolution.

This news is based on a recent SEC filing by dMY Squared Technology Group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.