DMY Squared Tech Stock Price, News & Analysis

dMY Squared Technology Group, Inc. (trading under the symbol DMYY) is a special purpose acquisition company (SPAC) in the Financial Services sector. It is described in its public disclosures and proxy materials as 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.

According to its filings and press releases, dMY Squared was formed with the ability to pursue an initial business combination target in any industry or geographic region. Earlier disclosures note that the company intended to focus its search on businesses within the professional services industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies. Subsequent announcements and SEC filings show that dMY Squared later entered into a Business Combination Agreement with Horizon Quantum Computing Pte. Ltd. and a Singapore holding company, Horizon Quantum Holdings Pte. Ltd. (also referred to as Rose Holdco Pte. Ltd.), for a proposed business combination.

dMY Squared’s structure follows the typical SPAC model described in its proxy statement and current reports. The company raised capital in an initial public offering and placed funds in a trust account. Its charter and trust agreement provide for a limited time period to complete an initial business combination, with the ability to extend that deadline through shareholder-approved amendments and monthly extensions funded by deposits into the trust account. Company filings describe multiple extensions of the deadline to consummate a business combination, including prior amendments that allowed up to twenty-three one‑month extensions and a later amendment approved at a special meeting to extend the deadline further, with the potential to reach up to June 29, 2026.

In its definitive proxy statement dated November 25, 2025, dMY Squared explains that it entered into the Business Combination Agreement with Horizon Quantum Computing Pte. Ltd. on September 9, 2025, and that the purpose of the extension proposals was to provide additional time to complete this transaction. The proxy statement also notes that, under NYSE American rules for SPACs, dMY Squared was required to complete a business combination within 36 months of the effectiveness of its IPO registration statement. Because it did not complete a business combination by that deadline, trading of its securities on the NYSE American was suspended at the close of trading on September 29, 2025, and a Form 25‑NSE was filed to remove its securities from listing and registration on that exchange.

Following the NYSE American delisting, company disclosures state that dMY Squared’s Class A common stock and public warrants began trading on the OTCQB Market and its units were quoted on the OTCID market under the symbols DMYY, DMYYW, and DMYYU, respectively. The proxy statement cautions shareholders that there may be a very limited market in which the company’s securities are traded and that the trading price of its securities may be adversely affected. It also notes that the Class A common stock may be deemed to be a “penny stock.”

Subsequent current reports on Form 8‑K describe additional steps taken by dMY Squared in connection with the proposed business combination with Horizon Quantum Computing. These include the confidential submission of a draft registration statement on Form F‑4 by the holding company and Horizon, the filing of investor presentations, and the announcement 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. The PIPE financing, as described in the December 4, 2025 Form 8‑K and related press release, is intended to support the proposed business combination and is expected to close substantially concurrently with that transaction, subject to specified conditions.

dMY Squared’s filings emphasize that the completion of the business combination with Horizon Quantum Computing is subject to various conditions, including shareholder approvals, regulatory clearances, the effectiveness of the Form F‑4 registration statement, and other customary closing conditions. The company repeatedly notes in its SEC filings and press releases that there can be no assurance the business combination or related PIPE financing will be completed, and it includes extensive cautionary language regarding forward‑looking statements and risk factors.

For investors researching DMYY stock, the key characteristics highlighted in the company’s own documents are:

• It is a SPAC/blank check company formed to complete a business combination.
• It has entered into a definitive Business Combination Agreement with Horizon Quantum Computing Pte. Ltd. and a related holding company.
• Its securities were delisted from NYSE American effective as of the close of trading on September 29, 2025, as documented in the Form 25‑NSE, and subsequently began trading on OTC markets.
• Its charter and trust arrangements have been amended and extended multiple times to provide additional time to complete an initial business combination, with shareholder approval documented in proxy and 8‑K filings.

Because dMY Squared is a SPAC rather than an operating company, its public disclosures focus on its capital structure, trust account, extension mechanisms, and the terms and status of its proposed business combination, rather than on traditional operating segments or products.

Frequently Asked Questions about dMY Squared Technology Group, Inc. (DMYY)

What type of company is dMY Squared Technology Group, Inc.?
dMY Squared describes itself in its press releases and SEC filings as a blank check company or special purpose acquisition company. Its stated business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

What is the focus of dMY Squared’s initial business combination strategy?
Company disclosures explain that while dMY Squared may pursue a business combination target in any industry or geographic region, it initially intended to focus on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies, with enterprise valuations in a specified range. Later filings show that it entered into a Business Combination Agreement with Horizon Quantum Computing Pte. Ltd.

What is the proposed business combination involving Horizon Quantum Computing?
According to dMY Squared’s news releases and multiple Form 8‑K filings, the company entered into a Business Combination Agreement on September 9, 2025 with Horizon Quantum Computing Pte. Ltd. and a Singapore holding company. The transaction, referred to as the Business Combination, is expected to result in a combined company whose securities would be listed on a major U.S. stock exchange under new symbols, subject to the completion of the SEC review process, shareholder approvals and other closing conditions.

Where are DMYY securities traded?
The definitive proxy statement and related filings state that, because the company did not complete a business combination within the 36‑month period required by NYSE American rules, trading of its securities on NYSE American was suspended at the close of trading on September 29, 2025, and a Form 25‑NSE was filed to remove its securities from listing and registration on that exchange. The proxy statement explains that beginning on September 30, 2025, dMY Squared’s Class A common stock and public warrants trade on the OTCQB Market and its units are quoted on the OTCID market under the symbols DMYY, DMYYW and DMYYU, respectively.

Has dMY Squared extended the deadline to complete a business combination?
Yes. The company’s proxy materials and 8‑K filings describe multiple extensions of the date by which it must consummate an initial business combination. Earlier amendments allowed up to twenty‑three one‑month extensions, and a later shareholder‑approved amendment extended the deadline from December 29, 2025 to January 29, 2026, with the ability for the board of directors to further extend that date up to five additional months, potentially to June 29, 2026.

What happens if dMY Squared does not complete a business combination by its final deadline?
The company’s charter and trust agreement, as described in its proxy statement, provide that if it does not complete an initial business combination by the applicable deadline (as extended), it would be required to cease operations except for the purpose of winding up and to redeem the public shares using the funds held in the trust account, subject to the terms and conditions set out in its governing documents and SEC filings.