Welcome to our dedicated page for DMY Squared Tech news (Ticker: DMYY), a resource for investors and traders seeking the latest updates and insights on DMY Squared Tech stock.
dMY Squared Technology Group, Inc. (DMYY) generates news primarily through its activities as a special purpose acquisition company and its proposed business combination with Horizon Quantum Computing Pte. Ltd. Company press releases and SEC current reports on Form 8‑K describe key milestones in this process, including the signing of a non‑binding letter of intent, the execution of a definitive Business Combination Agreement, and subsequent steps toward closing the transaction.
News coverage for DMYY often focuses on transaction updates and regulatory developments. Examples from the company’s own disclosures include announcements about confidential submission of a draft registration statement on Form F‑4 by the Horizon holding company and Horizon Quantum, investor presentations filed as exhibits to Form 8‑K, and the negotiation of a PIPE financing in which Horizon Quantum Holdings Ltd. agreed to issue and sell Class A ordinary shares to institutional, accredited and strategic investors. These items provide insight into the structure and progress of the proposed combination.
Another recurring news theme involves listing status and extensions. dMY Squared has issued releases and filed proxy materials explaining its need to extend the deadline to complete an initial business combination, the shareholder votes authorizing those extensions, and the related deposits into its trust account. The company has also reported on the suspension of trading of its securities on NYSE American, the filing of a Form 25‑NSE to remove its securities from that exchange, and the subsequent quotation of its securities on OTC markets under the DMYY, DMYYW and DMYYU symbols.
Investors and observers following DMYY news can expect updates on special meetings of shareholders, extension votes, trust account contributions, regulatory filings related to the Horizon Quantum transaction, and any material notices from trading venues. This news stream helps track how the SPAC is managing its timeline, capital structure and regulatory obligations as it seeks to complete its proposed business combination.
Horizon Quantum (OTCQB: DMYY) and dMY Squared announced a $110 million PIPE of common equity to support a proposed business combination expected to close in Q1 2026. The PIPE, led by IonQ and a Fortune 50 technology company, exceeded Horizon Quantum’s original target by more than 120%. Upon closing (assuming no redemptions), Horizon Quantum expects access to approximately $137 million in cash comprising ~$27 million in dMY Squared’s trust plus the $110 million PIPE, before transaction costs. Net proceeds are earmarked for R&D, strengthening the hardware testbed, and advancing the Triple Alpha development environment.
dMY Squared Technology Group (OTCQB: DMYY) and Horizon Quantum announced that Holdco and Horizon confidentially submitted a draft Form F-4 to the SEC on October 22, 2025 in connection with their previously announced business combination agreement dated September 9, 2025.
Subject to SEC review, customary closing conditions and shareholder approvals, Holdco’s Class A ordinary shares and warrants are expected to list on Nasdaq under HQ and HQW upon closing. The filing will include a preliminary proxy statement/prospectus and trigger a special meeting of dMY shareholders when declared effective.
dMY Squared Technology Group (NYSE American: DMYY) announced that its securities will transition to trading on OTC markets starting September 30, 2025, following NYSE American's 36-month SPAC period completion. The company's Class A common stock and warrants will trade on the OTCQB Market under symbols "DMYY" and "DMYYWS", while units will trade on the OTCID Market under "DMYYU".
This transition maintains trading access for shareholders while dMY Squared proceeds with its planned business combination with Horizon Quantum Computing. Upon transaction completion, the combined company's securities are expected to list on Nasdaq under the ticker "HQ".
dMY Squared Technology Group (NYSE:DMYY) has clarified its ability to extend the deadline for completing its initial business combination with Horizon Quantum Computing. The company can implement up to 23 monthly extensions through December 29, 2025, with each extension requiring a $50,000 deposit into the trust account. The outside date under the business combination agreement can extend to March 29, 2026.
The company's Chairman and CEO Harry You expressed continued excitement about partnering with Horizon Quantum to develop a common quantum software platform.
dMY Squared Technology Group (NYSE American: DMYY) has received a notice from NYSE American on August 20, 2025, indicating non-compliance with Section 1007 of the NYSE American Company Guide due to delayed filing of its Q2 2025 Form 10-Q.
The company has until February 19, 2026 to file the delayed report, with the possibility of requesting an additional six-month extension until August 19, 2026. While the notice has no immediate impact on DMYY's listing status, failure to meet compliance deadlines could result in delisting from NYSE American.
Horizon Quantum Computing and dMY Squared Technology Group (NYSE: DMYY) have signed a non-binding letter of intent for a business combination, with the combined company expected to be publicly listed. The deal values Horizon Quantum at approximately $500 million pre-money equity.
Horizon Quantum is developing advanced software development tools for quantum computers, focusing on simplifying the process of creating quantum computing applications. The company aims to create the world's first quantum operating system, comparable to the role of Windows and DOS in classical computing.
The transaction is expected to close before year-end, with Dr. Joe Fitzsimons, Horizon Quantum's current CEO, leading the combined company. The definitive agreement is anticipated in the second quarter, subject to due diligence, board and shareholder approvals, and regulatory clearances.
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