[SCHEDULE 13G/A] dMY Squared Technology Group, Inc. SEC Filing
dMY Squared Technology Group, Inc. disclosure shows that Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of 90,706 shares of Class A common stock, equal to 3.87% of the class. The filing states the reporting persons have no sole voting or dispositive power and instead hold shared voting and dispositive power for the reported shares. The statement also affirms the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control of the issuer.
- Transparent disclosure of beneficial ownership of 90,706 shares (3.87%)
- Certification that shares are held in the ordinary course of business and not to change control
- None.
Insights
TL;DR A registered investment manager reports a sub-5% stake, indicating a passive position without control intent.
The filing shows Meteora Capital and Vik Mittal collectively report beneficial ownership of 90,706 shares (3.87%) of Class A common stock with shared voting and dispositive power and no sole control. For investors, a sub-5% holding by an investment adviser is typically non-disruptive and reflects an institutional investor position rather than a control attempt. The certification that shares are held in the ordinary course further supports a passive investment posture.
TL;DR Ownership disclosure is compliant and signals no intention to influence company control.
From a governance perspective, the report clarifies that the reporting persons exercise shared rather than sole authority over voting and disposition, and explicitly state the securities are not held to change control. That reduces immediate takeover or activist implications. The filing is a routine, material disclosure of institutional ownership that informs board and investor awareness but does not, by itself, trigger governance changes.