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dMY Technology Group, Inc. IV announced that holders of units from its IPO can separately trade Class A shares and warrants starting April 26, 2021. The units, originally issued as 34.5 million units on March 9, 2021, will continue to trade under symbol DMYQ.U. While no fractional warrants will be issued, brokers must assist holders in separating their units. The company aims to merge with a business in the consumer technology ecosystem, targeting firms valued between $1 billion and $3 billion. Caution is advised as forward-looking statements are subject to various risks.
dMY Technology Group IV has successfully closed its initial public offering, raising $345 million by selling 34.5 million units at $10 each. The offering included 4.5 million units sold due to underwriters' over-allotment. Each unit consists of a Class A common stock share and a redeemable warrant. The company's strategy is to seek a merger or acquisition primarily within the consumer technology sector, targeting firms valued between $1 billion and $3 billion. The shares begin trading on the NYSE under the symbol 'DMYQ.U'.
dMY Technology Group IV has priced its initial public offering at $10.00 per unit, raising funds through 30,000,000 units. Each unit includes one share of Class A common stock and one-fifth of a warrant, with whole warrants exercisable at $11.50 per share. The units will begin trading on the NYSE under DMYQ.U starting March 5, 2021, with the offering closing on March 9, 2021. The Company aims to focus on consumer technology companies valued between $1.0 billion to $3.0 billion.
