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IonQ, Inc. has entered a merger agreement with dMY Technology Group III (NYSE: DMYI.U). This will position IonQ as the first publicly traded pure-play quantum computing company, set to trade under the symbol 'IONQ' on the NYSE. The deal includes $300 million from dMY's trust account and $350 million from a PIPE investment, involving notable partners like Hyundai and Breakthrough Energy Ventures. The merger is aimed at capitalizing on a projected $65 billion quantum computing market by 2030. Approval from dMY's stockholders is needed to finalize the agreement.
dMY Technology Group, Inc. III announced that from January 4, 2021, holders of units from its November 2020 IPO can separately trade shares of Class A common stock and warrants. The original 30,000,000 units, trading under symbol DMYI.U, will continue as units, while the shares and warrants will trade under symbols DMYI and DMYI WS, respectively. No fractional warrants will be issued, and brokers will need to contact the transfer agent for any separation actions. The company focuses on mergers and acquisitions within the consumer technology sector, targeting businesses with valuations between $1 billion and $3 billion.
dMY Technology Group, Inc. III has successfully closed its initial public offering, issuing 30,000,000 units at $10.00 each. This includes 2,500,000 units from an over-allotment option. The units began trading on the NYSE under the ticker symbol DMYI.U on November 13, 2020. Each unit contains one share of Class A common stock and one-fourth of a redeemable warrant. The company focuses on potential mergers and acquisitions within the consumer technology sector, targeting firms with valuations between $1.0 billion and $3.0 billion.
dMY Technology Group, Inc. III has priced its initial public offering at $10.00 per unit, totaling 27,500,000 units, with trading set to begin on November 13, 2020, under the symbol 'DMYI.U' on the NYSE. Each unit includes one share of Class A common stock and one-fourth of a redeemable warrant. The offering is expected to close on November 17, 2020. The Company aims to pursue merger opportunities in the consumer technology sector, focusing particularly on mobile app companies valued between $1.0 billion and $3.0 billion.
