[8-K] dMY Squared Technology Group, Inc. Reports Material Event

Rhea-AI Filing Summary

dMY Squared Technology Group, Inc. (NYSE American: DMYY) filed a Form 8-K to disclose that its Board authorized the 18th one-month extension of the SPAC’s deadline to complete an initial business combination. The deadline moves from June 29 2025 to July 29 2025.

Consistent with its charter, the Company deposited an additional $50,000 into the trust account to fund the extension, preserving the per-share cash held in trust for public shareholders. The charter allows up to 23 monthly extensions, meaning only five one-month extensions remain before the final outside date of December 29 2025.

The filing contains no other financial data, operational updates, or identification of a target. Other SEC boxes (Rule 425, 14a-12, 13e-4, 14d-2) are unchecked, indicating no related solicitation or transaction filings at this time.

Positive

• Trust protection: The sponsor contributed an additional $50,000, preserving the cash-per-share value for SPAC investors.
• Extension approved: Board successfully secured the 18th monthly extension, giving management more time to finalize a business combination.

Negative

• Persistent delays: Requiring 18 out of 23 extensions indicates ongoing difficulty identifying or closing a merger target.
• Limited runway: Only five one-month extensions remain before the final deadline of December 29, 2025, increasing liquidation risk if no deal materializes.

Insights

Financial Analyst

TL;DR: Routine $50k deposit extends SPAC deadline; neutral for valuation, signals ongoing target search.

The 8-K is largely administrative. Adding $50k (about $0.015 per outstanding share, assuming ~3.3 m shares) keeps shareholder redemption value intact while granting 30 more days to pursue a deal. Liquidity and capital structure remain unchanged. Because no target or LOI is announced, the filing does not alter cash-flow projections or enterprise value. Investors should monitor the limited five extensions left before the December 29 2025 outside date.

SPAC & M&A Specialist

TL;DR: 18th extension highlights difficulty sourcing a merger; mildly negative sentiment toward deal visibility.

Needing 18 of 23 allowed extensions suggests the sponsor has struggled to secure an acceptable merger partner. Each month that passes compresses negotiation timelines and can weaken bargaining power. With only five extensions remaining, the sponsor may face heavier time pressure, potentially leading to less favorable deal terms or, in a worst-case scenario, liquidation. While the $50k top-up protects trust value, the absence of any transaction details keeps uncertainty high.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 27, 2025

dMY Squared Technology Group, Inc.

(Exact name of registrant as specified in its charter)

Massachusetts		001-41519		88-0748933
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1180 North Town Center Drive, Suite 100

Las Vegas, Nevada 89144

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (702) 781-4313

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant		DMYY.U		NYSE American
Class A common stock, par value $0.0001 per share		DMYY		NYSE American
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share		DMYY.WS		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events

On June 27, 2025, dMY Squared Technology Group, Inc. (the “Company”) caused to be deposited an additional $50,000 into the Company’s trust account in connection with the approval by the Company’s board of directors (the “Board”) of an extension of the date by which the Company has to consummate an initial business combination by an additional month, from June 29, 2025 to July 29, 2025, the eighteenth (18th) of twenty-three (23) potential one-month extensions available to the Company. As previously disclosed, the Company’s Amended and Restated Articles of Organization, as amended, provides the Company the right to extend such date up to twenty-three (23) times for an additional one month each time to up to December 29, 2025, by resolution of the Board.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DMY SQUARED TECHNOLOGY GROUP, INC.
	By:	/s/ Harry L. You
	Name:	Harry L. You
	Title:	Chief Executive Officer, Chief Financial Officer and Chairman
Dated: June 27, 2025

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FAQ

Why did dMY Squared Technology Group (DMYY) file this Form 8-K?

To disclose that the Board approved a one-month extension of the SPAC’s business-combination deadline and deposited $50,000 into the trust.

What is the new deadline for DMYY to complete a merger?

The deadline moved from June 29 2025 to July 29 2025.

How many extensions has DMYY used and how many remain?

This is the 18th extension out of a possible 23, leaving 5 monthly extensions.

What happens if DMYY does not close a deal by December 29, 2025?

Per its charter, the SPAC would be required to liquidate and return trust funds to shareholders.

Did the filing announce a merger target or Letter of Intent (LOI)?

No. The 8-K contains no information about a target, LOI, or transaction terms.