dMY Squared Technology Group
We intend to focus our search for an initial business combination on companies within the professional services industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies with enterprise valuations in the range of $500 million to $2 billion. We intend to specifically focus on companies that have strong, consistent revenue growth and cash flow. (Incorporated in Massachusetts)
Niccolo de Masi and Harry L. You are the co-CEOs of dMY Squared Technology Group. Mr. You is the chairman of dMY Squared Technology Group’s board of directors. Together, Mr. de Masi and Mr. You have led other SPACs, including dMY Technology Group III, dMY Technology Group IV, and dMY Technology Group VI.
Mr. de Masi is also the former chairman, CEO and president of Glu (NASDAQ: GLU), and the former CEO of Hands-On Mobile.
Mr. You is also the chairman of dMY VI and a director of Rush Street Interactive, of IonQ, Inc., of Coupang and of Genius Sports Limited. From 2004 to 2005, Mr. You served as executive vice president and CFO of Oracle (NYSE: ORCL) and he was also a member of the board of directors of Oracle Japan. From 2001 to 2004, Mr. You served as the CFO of Accenture. Mr. You also previously spent 14 years on Wall Street, including serving as a managing director in the Investment Banking Division of Morgan Stanley, where he headed the Computer and Business Services Group. Mr. You has served as a member of the board of directors of Broadcom Inc. (NASDAQ: AVGO) since January 2019.
(Note: dMY Squared Technology Group downsized its SPAC IPO at pricing on Sept. 29, 2022, to 6.0 million units, down from 7.5 milllion units, at $10.00 each, to raise $60.0 million. The pricing of dMY Squared Technology Group’s IPO brings the number of SPACs priced in 2022 to 78 deals so far. The IPO is expected to start trading Friday, Sept. 30, 2022, on the NYSE-American exchange.
(Note: 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. dMY Squared Technology Group filed its S-1 on Sept. 12, 2022, after submitting confidential IPO documents on May 5, 2022.)
|Address||1180 North Town Center Drive, Suite 100 Las Vegas, Nevada 89144|
|Phone Number||(702) 781-4313|
|View Prospectus:||dMY Squared Technology Group|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Exchange||NYSE - American|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$60.0 mil|
|Manager / Joint Managers||Needham & Co.|
|Expected To Trade:||9/30/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|