dMY Squared Technology Group Stock Price, News & Analysis
Company Description
DMYYU represents the units of dMY Squared Technology Group, Inc. on the public markets. dMY Squared Technology Group, Inc. is described in its public communications and SEC filings 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.
The company’s units, trading under the symbol DMYYU, were first listed on the NYSE American in connection with its initial public offering of units. 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 specified exercise price, as described in the company’s IPO-related press releases and filings. After the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to trade under separate symbols, while the units themselves continue to trade under DMYYU.
dMY Squared Technology Group, Inc. has stated that, while it may pursue an initial business combination target in any industry or geographic region, it intends to focus its search for an initial business combination on companies within the professional services industry. In its IPO announcements, the company indicated an intention to target businesses 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 defined range. It also indicated an intention to focus on companies that have strong, consistent revenue growth and cash flow.
According to SEC filings, dMY Squared Technology Group, Inc. is organized as a Massachusetts corporation. Filings also identify Las Vegas, Nevada, in connection with the company’s principal executive offices. The company’s public disclosures describe a typical special purpose acquisition company (SPAC) structure, in which IPO proceeds are held in a trust account while the management team seeks to identify and complete a business combination within a specified timeframe. Extensions of this timeframe have been documented through board-approved deposits into the trust account and related SEC filings.
Subsequent filings and press releases describe a business combination agreement entered into on September 9, 2025, among dMY Squared Technology Group, Inc., Horizon Quantum Holdings Pte. Ltd., Horizon Quantum Computing Pte. Ltd., and other parties, with respect to a potential business combination. Additional 8-K filings discuss the preparation of a registration statement on Form F-4 that will include a preliminary proxy statement of dMY Squared and a preliminary prospectus of Horizon Quantum Holdings with respect to securities to be offered in the business combination. These filings emphasize that shareholders and other interested persons should review the registration statement and proxy statement/prospectus when available for detailed information about the proposed transaction.
In a Business Wire release, dMY Squared Technology Group, Inc. announced that, following completion of the NYSE American’s 36‑month period for special purpose acquisition companies, its securities, including units, are expected to begin trading on the OTC markets. That release states that the units will trade on the OTCID Market under the symbol DMYYU, while the Class A common stock and warrants will trade on the OTCQB Market under other symbols. The same release notes that, when the business combination with Horizon Quantum Computing Pte. Ltd. closes, the securities of the combined company are expected to be listed on Nasdaq under the ticker HQ, as described in that press release.
In addition to the business combination agreement, dMY Squared Technology Group, Inc. has disclosed entry into PIPE Subscription Agreements involving Horizon Quantum Holdings Pte. Ltd., Horizon Quantum Computing Pte. Ltd., and certain institutional and strategic investors. SEC filings describe an agreement for Horizon Quantum Holdings to issue and sell Class A ordinary shares in a private placement (PIPE financing) in connection with the previously announced business combination. These filings also describe a side letter with IonQ, Inc. relating to board nomination rights, lock-up provisions, a contemplated commercial agreement for quantum computing hardware, and certain notification rights, all in the context of the proposed transaction.
Through multiple 8-K filings, dMY Squared Technology Group, Inc. has also documented extensions of the date by which it must consummate an initial business combination, including deposits into its trust account in connection with board-approved one-month extensions. The company’s amended and restated articles of organization, as referenced in those filings, provide for a series of potential one-month extensions up to a specified final date, subject to board resolution and related trust account funding.
Because DMYYU represents units of a SPAC, the investment profile is closely tied to the progress and outcome of the company’s efforts to complete a business combination. Public disclosures, including press releases and SEC filings, emphasize that the proposed business combination with Horizon Quantum Computing Pte. Ltd. remains subject to conditions such as shareholder approvals, regulatory clearances, completion of the PIPE financing, and other customary closing conditions. These documents also include cautionary notes regarding forward-looking statements and risk factors, directing investors to the “Risk Factors” sections of the company’s annual and quarterly reports and the registration statement on Form F‑4 for a more detailed discussion.
Business focus and target sectors
Based on its IPO-related disclosures, dMY Squared Technology Group, Inc. has articulated a focus on potential targets in the professional services sector, particularly companies that provide services such as accounting, legal, financial, advisory or other support services to public companies or to private companies that are preparing to become public. The company’s stated intention is to seek targets with specific characteristics, including consistent revenue growth and cash flow, within a specified enterprise valuation range. These statements outline the strategic focus of the SPAC, although they do not guarantee that any particular transaction will be completed.
Regulatory and reporting framework
dMY Squared Technology Group, Inc. files reports with the U.S. Securities and Exchange Commission, including Forms 8-K describing material events such as the execution of the business combination agreement, entry into PIPE Subscription Agreements, and extensions of the business combination deadline. These filings also reference the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for additional information about its structure, governance, and risk factors. The company’s communications emphasize that certain information furnished under Regulation FD in 8-K filings is not deemed “filed” for purposes of Section 18 of the Exchange Act, as described in those documents.
DMYYU as a SPAC unit security
For investors researching DMYYU, it is important to understand that the symbol refers to units of dMY Squared Technology Group, Inc., each consisting of Class A common stock and a fractional interest in a redeemable warrant, as described in the company’s IPO press releases and registration statements. Over time, the components of the units may trade separately under different symbols, while the units themselves continue to trade as DMYYU on the relevant market. Public statements by the company note that, following the NYSE American SPAC period, these securities are expected to trade on OTC markets under specified symbols.