dMY III to Merge With IonQ to Become the First Publicly Traded Pure-Play Quantum Computing Company

March 8, 2021

Cleary Gottlieb is representing dMY Technology Group Inc. III (dMY III), a publicly traded special purpose acquisition company, which announced on March 8, 2021, that it has entered into a merger agreement with IonQ Inc. (IonQ).

Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol “IONQ” as the first publicly traded pure-play hardware and software company in the quantum computing space. Pro forma implied market capitalization of the combined company is approximately $2 billion.

For more information, please see the press release here.