DMY Squared Tech SEC Filings

National Philanthropic Trust filed a Schedule 13D reporting receipt of 231,520 shares of dMY Squared Technology Group, Inc. Class A common stock, representing 9.0% of the Class A outstanding after conversion. The shares were donated by Niccolo de Masi after an optional one-for-one conversion of Class B into Class A shares and were received by the Reporting Person for no consideration. The Reporting Person is a charitable 501(c)(3) sponsor of donor-advised funds and states the donation furthers its charitable purpose. The filing discloses the Reporting Person is subject to a Sponsor Support Agreement and certain Insider Letter provisions and anticipates becoming party to a Lock-Up Agreement and a Registration Rights Agreement at closing of the referenced Business Combination. After transfer restrictions expire, the Reporting Person anticipates selling the donated shares in an orderly manner but has not determined timing or amounts.

dMY Squared Sponsor, LLC and its manager Harry L. You report shared beneficial ownership of 1,163,484 shares of Class A common stock (or convertible Class B shares) representing 29.7% of the class. The Sponsor holds the shares of record and the shares are convertible one-for-one from Class B to Class A at the holder's election or automatically upon the issuer's initial business combination, subject to adjustment. The filing also notes the Sponsor holds 2,884,660 warrants exercisable at $11.50 that are not exercisable within 60 days. The beneficial ownership figures are presented based on 2,754,852 shares outstanding plus the convertible Class B shares.

dMY Squared Technology Group insiders reported a share reclassification and ownership disclosure. The Sponsor distributed 416,266 shares of Class B common stock pro rata to a member; those Class B shares are convertible one-for-one into Class A shares and carry no expiration date. Following the reported transaction, 1,163,484 shares of Class A common stock are shown as beneficially owned by the reporting person(s) of record. The Sponsor is the record holder and Harry L. You is disclosed as managing member with voting and investment discretion, though each reporting person disclaims beneficial ownership except for pecuniary interest.

dMY Squared Technology Group, Inc. (DMYY) is a special purpose acquisition company that completed an IPO of 6,000,000 units at $10.00 per unit, generating gross proceeds of $60.0 million plus a partial over-allotment of ~319,000 units for ~ $3.2 million. The offering included private placement warrants and founder shares; proceeds and certain private placement amounts were placed in a Trust Account to be used for a future business combination.

The company has extended its combination period to August 29, 2025 by drawing on a non‑interest convertible note (total outstanding $991,667 after a subsequent $50,000 borrow) and received related‑party advances (~$1.4 million outstanding as of June 30, 2025). The filing discloses withdrawals from the Trust Account for taxes and operating expenses, a re‑contribution and a sponsor advance to cover the use of those funds, significant redemptions (~3,980,414 Public Shares redeemed for ~$42.0 million), and that Class A public shares subject to redemption remain classified outside permanent equity.