DMYY (NYSE: DMYY) deposits $50,000 to extend SPAC merger deadline to Sept 29
Rhea-AI Filing Summary
dMY Squared Technology Group, Inc. (DMYY) has extended the deadline to complete its initial business combination by one month, moving the date from August 29, 2025 to September 29, 2025. To support this extension, the company deposited an additional $50,000 into its trust account on August 28, 2025.
This is the twentieth of up to twenty-three one-month extensions permitted under the company’s Amended and Restated Articles of Organization, which allow extensions through December 29, 2025 by board resolution. The filing confirms the board of directors approved this latest extension, maintaining the SPAC’s ability to continue seeking a merger target.
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8-K Event Classification
FAQ
What did dMY Squared Technology Group, Inc. (DMYY) announce in this 8-K?
dMY Squared Technology Group, Inc. announced that its board approved a one-month extension of the deadline to complete an initial business combination, moving the date from August 29, 2025 to September 29, 2025, and that it deposited an additional $50,000 into its trust account in connection with this extension.
How much money did DMYY add to its trust account for this extension?
The company deposited an additional $50,000 into its trust account on August 28, 2025 in connection with the one-month extension of its business combination deadline.
How many extensions has DMYY used and how many are available in total?
This extension is the twentieth (20th) of up to twenty-three (23) potential one-month extensions available to the company under its Amended and Restated Articles of Organization.
What is the latest date DMYY can extend its business combination deadline to?
Under its Amended and Restated Articles of Organization, as amended, DMYY may extend the deadline by up to twenty-three one-month periods to as late as December 29, 2025, by resolution of the board of directors.
Who approved the extension of DMYY’s initial business combination deadline?
The extension was approved by the company’s board of directors, consistent with the extension rights provided in DMYY’s Amended and Restated Articles of Organization.
Who signed the 8-K for dMY Squared Technology Group, Inc.?
The report was signed on behalf of the company by Harry L. You, who is identified as Chief Executive Officer, Chief Financial Officer and Chairman.