[SCHEDULE 13D] dMY Squared Technology Group, Inc. SEC Filing
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.
National Philanthropic Trust ha presentato un Schedule 13D riferendo di aver ricevuto 231.520 azioni di dMY Squared Technology Group, Inc. Class A azioni ordinarie, pari al 9,0% delle azioni in Classe A in circolazione dopo la conversione. Le azioni sono state donate da Niccolo de Masi dopo una conversione opzionale one-for-one della Classe B in Classe A e sono state ricevute dal Soggetto Segnalante senza corrispettivo. Il Soggetto Segnalante è uno sponsor filantropico 501(c)(3) di fondi consigliati dai donatori e afferma che la donazione avvicina al proprio scopo caritativo. La pratica riporta che il Soggetto Segnalante è soggetto a un Accordo di Supporto dello Sponsor e a determinate disposizioni di Insider Letter e prevede di diventare parte di un Accordo di Lock-Up e di un Accordo sui Diritti di Registrazione al closing della Fusione d’Affari citata. Dopo la scadenza delle restrizioni di trasferimento, il Soggetto Segnalante prevede di vendere le azioni donate in modo ordinato, ma non ha ancora definito tempi né importi.
National Philanthropic Trust presentó un Schedule 13D informando la recepción de 231.520 acciones de dMY Squared Technology Group, Inc. acciones comunes de Clase A, representando el 9,0% de las acciones Clase A en circulación tras la conversión. Las acciones fueron donadas por Niccolo de Masi tras una conversión opcional uno-a-uno de Clase B a Clase A y fueron recibidas por la Persona Reportante sin contraprestación. La Persona Reportante es un patrocinador 501(c)(3) de fondos asesorados por donantes y afirma que la donación sirve a su propósito caritativo. El informe revela que la Persona Reportante está sujeta a un Acuerdo de Apoyo del Patrocinador y a ciertas disposiciones de Insider Letter y prevé convertirse en parte de un Acuerdo de Lock-Up y de un Acuerdo de Derechos de Registro al cierre de la fusión de negocios mencionada. Después de que expiren las restricciones de transferencia, la Persona Reportante prevé vender las acciones donadas de manera ordenada, pero aún no ha definido el momento ni las cantidades.
National Philanthropic Trust는 dMY Squared Technology Group, Inc.의 Class A 보통주 231,520주를 수령했다는 Schedule 13D를 제출했고, 이는 Class A 발행주식의 9.0%에 해당한다. 이 주식은 Niccolo de Masi에 의해 Class B를 Class A로 1대 1의 선택적 전환 후 기부되었으며, 보고대상자는 대가 없이 이를 받았다. 보고대상자는 기부자를 방문자 기금의 자선 501(c)(3) 스폰서로 두고 있으며, 기부가 그들의 자선 목적을 추진한다고 밝힌다. 서류에는 보고대상자가 Sponsor Support Agreement 및 Insider Letter의 특정 조항에 따라 의무를 지고 있으며, 언급된 비즈니스 결합의 마감 시 Lock-Up Agreement 및 Registration Rights Agreement의 당사자가 될 예정이라고 명시되어 있다. 이전에 양도 제한이 만료되면 보고대상자는 기부된 주식을 질서 있게 매도할 것으로 예상하지만, 시점이나 금액은 아직 결정되지 않았다.
National Philanthropic Trust a déposé un Schedule 13D indiquant avoir reçu 231 520 actions de dMY Squared Technology Group, Inc. Actions ordinaires de Classe A, représentant 9,0% des actions Classe A en circulation après la conversion. Les actions ont été fournies par Niccolo de Masi après une conversion optionnelle un pour un de la Classe B en Classe A et ont été reçues par la Personne déclarant sans contrepartie. La Personne déclarante est un sponsor caritatif 501(c)(3) de fonds conseillés par des donateurs et affirme que la donation sert son objectif caritatif. Le dossier révèle que la Personne déclarante est soumise à un Accord de Soutien du Sponsor et à certaines dispositions de l’Insider Letter et prévoit de devenir partie à un Lock-Up Agreement et à un Registration Rights Agreement lors de la clôture de la fusion mentionnée. Après l’expiration des restrictions de transfert, la Personne déclarante prévoit de vendre les actions données de manière ordonnée, mais n’a pas encore défini le calendrier ni les montants.
National Philanthropic Trust hat eine Schedule 13D eingereicht und gemeldet, dass es 231.520 Aktien von dMY Squared Technology Group, Inc. Class A Stammaktien erhalten hat, was 9,0% der nach der Umwandlung ausstehenden Class-A-Aktien entspricht. Die Aktien wurden von Niccolo de Masi nach einer optionalen 1-zu-1-Umwandlung von Class B in Class A übertragen und vom meldepflichtigen Person ohne Gegenleistung erhalten. Die meldepflichtige Person ist ein wohltätiger Sponsor von Donor-Advised Funds gemäß 501(c)(3) und erklärt, dass die Spende ihrem karitativen Zweck dient. Die Einreichung offenbart, dass die meldepflichtige Person einem Sponsor Support Agreement und bestimmten Bestimmungen eines Insider Letter unterliegt und beabsichtigt, zum Abschluss der genannten Fusion als Parteiaktieninhaberin in ein Lock-Up Agreement und ein Registration Rights Agreement einzutreten. Nachdem die Transferbeschränkungen ablaufen sind, beabsichtigt die meldepflichtige Person, die gespendeten Aktien in geordneter Weise zu verkaufen, hat jedoch Zeitpunkt und Mengen noch nicht festgelegt.
National Philanthropic Trust قدمت Schedule 13D تفيد بتلقيها 231,520 سهماً من أسهم dMY Squared Technology Group, Inc. من فئة A العادية، تمثل 9.0% من أسهم الفئة A القائمة بعد التحويل. تم تبرع الأسهم من قبل Niccolo de Masi بعد تحويل اختياري 1-لـ1 من فئة B إلى فئة A وتلقاها الشخص المصرح له بدون مقابل. يعتبر الشخص المصرح له راعياً خيريًا لموارِد مُرشّحة من طرف المتبرعين ويذكر أن التبرع يعزز غايته الخيرية. يُظهر الملف أن الشخص المصرح له خاضع لاتفاق دعم الراعي وأنه يخضع لمبادئ معينة من خطاب Insider Letter ويتوقع أن يصبح طرفًا في اتفاق قفل (Lock-Up) واتفاق حقوق التسجيل عند إغلاق الاندماج المذكور. بعد انتهاء قيود النقل، يتوقع الشخص المصرح له بيع الأسهم الممنوحة بشكل منظم لكنه لم يحدد الجدول الزمني أو الكميات بعد.
National Philanthropic Trust 提交了 Schedule 13D，披露收到 dMY Squared Technology Group, Inc. 的 A 类普通股 231,520 股，占转换后流通的 A 类股 9.0%。这些股份由 Niccolo de Masi 在 A 类股票可选的一对一从 B 类转换后捐赠，由申报人无对价接收。申报人是面向捐赠者的基金的慈善型 501(c)(3) 赞助机构，表示捐赠符合其慈善目的。备案披露申报人受制于赞助方支持协议及某些内幕信函条款，并预计在所述商业合并完成时成为锁定协议（Lock-Up Agreement）和注册权协议（Registration Rights Agreement）的当事方。转让限制到期后，申报人预计以有序方式出售所捐赠的股票，但尚未确定时间或额度。
- Transparent disclosure of the donation transaction and beneficial ownership of 231,520 Class A shares
- Clarifies origin of shares: conversion of Class B to Class A and subsequent gift from the donor
- Transfer restrictions (Sponsor Support, Insider Letter, anticipated Lock-Up) should limit immediate market impact
- Registration Rights Agreement provides a formal path for orderly resale under registration, reducing informal market disruption
- Significant potential future supply: the donated block equals 9.0% of Class A and may be sold after restrictions expire
- No defined timeline for sales: Reporting Person has not determined quantity or timing of potential disposals
- Voting and transfer constraints are governed by agreements that could affect shareholder dynamics but details are referenced rather than disclosed in full here
Insights
TL;DR: A 9.0% Class A stake was donated to a charitable trust; sale timing is undefined and subject to transfer restrictions.
The donation increases publicly reported Class A float by 231,520 shares and places a significant 9.0% holder in the market once lock-up and registration restrictions expire. The filing clarifies the shares originated from an optional conversion of Class B shares held by the donor and were transferred for no consideration. From a market-impact perspective, the key considerations are the size of the holding (9.0%), the existence of anticipated lock-up and registration agreements that limit immediate transfers, and the Reporting Person's stated intent to sell in an orderly manner at an undetermined future time. These elements create potential for increased supply of Class A shares later, but current transfer restrictions mitigate immediate pressure.
TL;DR: Donation follows convertible-share mechanics and binds the recipient to sponsor and insider agreements, limiting immediate transfers.
The Schedule 13D documents governance-related arrangements: the Reporting Person is party to a Sponsor Support Agreement and certain Insider Letter provisions and expects to enter into a Lock-Up Agreement and Registration Rights Agreement at closing of the Business Combination. These contractual arrangements are material for governance and voting because they impose transfer and voting constraints on the donated shares. The disclosure identifies the legal relationships affecting disposition and voting rights without altering beneficial ownership facts. For investors, the most relevant governance points are the contractual transfer restrictions and the Reporting Person's eventual ability to register and liquidate shares under the Registration Rights Agreement.
National Philanthropic Trust ha presentato un Schedule 13D riferendo di aver ricevuto 231.520 azioni di dMY Squared Technology Group, Inc. Class A azioni ordinarie, pari al 9,0% delle azioni in Classe A in circolazione dopo la conversione. Le azioni sono state donate da Niccolo de Masi dopo una conversione opzionale one-for-one della Classe B in Classe A e sono state ricevute dal Soggetto Segnalante senza corrispettivo. Il Soggetto Segnalante è uno sponsor filantropico 501(c)(3) di fondi consigliati dai donatori e afferma che la donazione avvicina al proprio scopo caritativo. La pratica riporta che il Soggetto Segnalante è soggetto a un Accordo di Supporto dello Sponsor e a determinate disposizioni di Insider Letter e prevede di diventare parte di un Accordo di Lock-Up e di un Accordo sui Diritti di Registrazione al closing della Fusione d’Affari citata. Dopo la scadenza delle restrizioni di trasferimento, il Soggetto Segnalante prevede di vendere le azioni donate in modo ordinato, ma non ha ancora definito tempi né importi.
National Philanthropic Trust presentó un Schedule 13D informando la recepción de 231.520 acciones de dMY Squared Technology Group, Inc. acciones comunes de Clase A, representando el 9,0% de las acciones Clase A en circulación tras la conversión. Las acciones fueron donadas por Niccolo de Masi tras una conversión opcional uno-a-uno de Clase B a Clase A y fueron recibidas por la Persona Reportante sin contraprestación. La Persona Reportante es un patrocinador 501(c)(3) de fondos asesorados por donantes y afirma que la donación sirve a su propósito caritativo. El informe revela que la Persona Reportante está sujeta a un Acuerdo de Apoyo del Patrocinador y a ciertas disposiciones de Insider Letter y prevé convertirse en parte de un Acuerdo de Lock-Up y de un Acuerdo de Derechos de Registro al cierre de la fusión de negocios mencionada. Después de que expiren las restricciones de transferencia, la Persona Reportante prevé vender las acciones donadas de manera ordenada, pero aún no ha definido el momento ni las cantidades.
National Philanthropic Trust는 dMY Squared Technology Group, Inc.의 Class A 보통주 231,520주를 수령했다는 Schedule 13D를 제출했고, 이는 Class A 발행주식의 9.0%에 해당한다. 이 주식은 Niccolo de Masi에 의해 Class B를 Class A로 1대 1의 선택적 전환 후 기부되었으며, 보고대상자는 대가 없이 이를 받았다. 보고대상자는 기부자를 방문자 기금의 자선 501(c)(3) 스폰서로 두고 있으며, 기부가 그들의 자선 목적을 추진한다고 밝힌다. 서류에는 보고대상자가 Sponsor Support Agreement 및 Insider Letter의 특정 조항에 따라 의무를 지고 있으며, 언급된 비즈니스 결합의 마감 시 Lock-Up Agreement 및 Registration Rights Agreement의 당사자가 될 예정이라고 명시되어 있다. 이전에 양도 제한이 만료되면 보고대상자는 기부된 주식을 질서 있게 매도할 것으로 예상하지만, 시점이나 금액은 아직 결정되지 않았다.
National Philanthropic Trust a déposé un Schedule 13D indiquant avoir reçu 231 520 actions de dMY Squared Technology Group, Inc. Actions ordinaires de Classe A, représentant 9,0% des actions Classe A en circulation après la conversion. Les actions ont été fournies par Niccolo de Masi après une conversion optionnelle un pour un de la Classe B en Classe A et ont été reçues par la Personne déclarant sans contrepartie. La Personne déclarante est un sponsor caritatif 501(c)(3) de fonds conseillés par des donateurs et affirme que la donation sert son objectif caritatif. Le dossier révèle que la Personne déclarante est soumise à un Accord de Soutien du Sponsor et à certaines dispositions de l’Insider Letter et prévoit de devenir partie à un Lock-Up Agreement et à un Registration Rights Agreement lors de la clôture de la fusion mentionnée. Après l’expiration des restrictions de transfert, la Personne déclarante prévoit de vendre les actions données de manière ordonnée, mais n’a pas encore défini le calendrier ni les montants.
National Philanthropic Trust hat eine Schedule 13D eingereicht und gemeldet, dass es 231.520 Aktien von dMY Squared Technology Group, Inc. Class A Stammaktien erhalten hat, was 9,0% der nach der Umwandlung ausstehenden Class-A-Aktien entspricht. Die Aktien wurden von Niccolo de Masi nach einer optionalen 1-zu-1-Umwandlung von Class B in Class A übertragen und vom meldepflichtigen Person ohne Gegenleistung erhalten. Die meldepflichtige Person ist ein wohltätiger Sponsor von Donor-Advised Funds gemäß 501(c)(3) und erklärt, dass die Spende ihrem karitativen Zweck dient. Die Einreichung offenbart, dass die meldepflichtige Person einem Sponsor Support Agreement und bestimmten Bestimmungen eines Insider Letter unterliegt und beabsichtigt, zum Abschluss der genannten Fusion als Parteiaktieninhaberin in ein Lock-Up Agreement und ein Registration Rights Agreement einzutreten. Nachdem die Transferbeschränkungen ablaufen sind, beabsichtigt die meldepflichtige Person, die gespendeten Aktien in geordneter Weise zu verkaufen, hat jedoch Zeitpunkt und Mengen noch nicht festgelegt.
FAQ
What did National Philanthropic Trust report in the Schedule 13D for DMYY?
How did the Reporting Person acquire the DMYY shares?
Are there restrictions on selling the donated DMYY shares?
Will National Philanthropic Trust sell the DMYY shares immediately?
What percentage of Class A does the reported share block represent and what basis was used?
