dMY Technology Group in $60 Million Initial Public Offering

October 4, 2022

Cleary Gottlieb represented dMY Squared Technology Group Inc. (dMY Technology Group) in the company’s initial public offering of 6 million units, at a price of $10 per unit.

The units commenced trading on the NYSE American and trade under the ticker symbol “DMYY.U” 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 closed on October 4, 2022.

Needham & Company LLC acted as sole bookrunning manager for the offering.

dMY Technology Group is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

For more information, please see the press release here.