dMY Squared Technology Group, Inc. is a special purpose acquisition company (SPAC) focused on merging with private companies in the professional services industry, with a target valuation between $500 million and $2 billion, currently holding no operational revenues or assets but actively searching for acquisition targets.

# Company Summary: dMY Squared Technology Group, Inc.

## Overview
- **Type:** Blank check company (special purpose acquisition company - SPAC)
- **Industry Focus:** Identifies and completes a Business Combination with a private business, primarily within the professional service industry
- **Target Sector:** Companies providing accounting, legal, financial, advisory, or other services to public or private companies
- **Target Valuation Range:** $500 million to $2 billion
- **Business Operations:** None currently; no revenues or operations to date

## Business Purpose
- To effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
- The focus is on companies with:
  - Strong, consistent revenue growth
  - Cash flow stability

## Financials & Operations
- **Employees:** 1 (Harry You, CEO and Chairman, not full-time)
- **Number of Customers:** Not specified, no operational or revenue data
- **Revenue:** None reported
- **Income:** None reported

## Capital & Securities
- **Initial Public Offering:** 6,000,000 units at $10.00 per unit; each unit includes 1 share of Class A common stock and half of a warrant
- **Proceeds from IPO:** Approx. $59.1 million after expenses
- **Additional Units (Over-Allotments):** 319,000 units at $10.00 each
- **Private Warrants:** 2,884,660 warrants purchased by Sponsor at $1.00 each
- **Founder Shares:** 1,579,750 Class B shares owned by Sponsor
- **Trust Account:** Approx. $25.6 million held as of December 31, 2024, for initial Business Transaction

## Key Activities
- Has entered into a non-binding LOI for a business combination with Horizon Quantum Computing Pte. Ltd., a developer of software tools for quantum computers, valued at approximately $500 million
- No operations or revenues have been generated, and the company is in the search and acquisition phase

## Management & Governance
- **Management:** One executive officer, Harry You, devoting unspecified effort
- **Ownership:** Sponsor owns 40.3% of common stock
- **Board:** Divided into three classes, with ongoing discussions about shareholder meetings and control
- **Employees:** Limited; primarily management with potential for adding personnel post-acquisition

## Summary
dMY Squared Technology Group, Inc. is a SPAC aiming to acquire a private company in the professional services industry valued between $500 million and $2 billion, leveraging a single initial public offering and private warrants to fund a future business combination. The company currently has no revenue or operations and is in the process of identifying and negotiating potential targets.

dMY Squared Technology Group, Inc. is a blank check company focused on facilitating mergers and acquisitions within the professional services industry.

# Company Summary

## Company Overview
dMY Squared Technology Group, Inc. is a **blank check company** focused on facilitating mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganization, or similar business combinations with businesses. The company has not selected any potential target for a business combination but is primarily focused on the **professional services industry**, specifically targeting firms that provide accounting, legal, financial, advisory, or other services to public and private companies transitioning to public entities.

### Key Details
- **Business Model**: The company operates as a Special Purpose Acquisition Company (SPAC) with the purpose of acquiring a private business to bring it public.
- **Target Market**: The firm aims to identify businesses with enterprise valuations ranging from **$500 million to $2 billion** that demonstrate strong and consistent revenue growth and cash flow.
- **Current Operations**: As of now, the company has engaged in no operations and has not generated any revenue.

## Financial Overview
- **IPO Details**:
  - **Initial Public Offering**: The company went public on **October 4, 2022**, raising net proceeds of **$59,135,000** from the sale of **6 million units** ($10 per unit).
  - **Over-Allotment Option**: Additionally, on **October 11, 2022**, the underwriter exercised an over-allotment option, adding **319,000 units** and generating net proceeds of **$3,145,340**.
  
- **Warrants**: The company has a total of **2,884,660 Private Placement Warrants** and issued **3,159,500 Public Warrants** that are potentially exercisable for additional Class A Shares.

- **Total Assets**: As of **December 31, 2023**, dMY Squared has **$67,545,266** in investments held in a Trust Account, which represents the company's commitment towards finding a suitable business to merge with.
 
- **Operational Funding**: The company has also received overfunding loans from the Sponsor of approximately **$947,850**.

## Employee and Customer Details
- **Employees**: Currently, the firm operates with a very small team comprising **two executive officers**: Niccolo de Masi and Harry You. The company does not have any full-time employees as of yet and has no indication of hiring other employees until a business combination is complete.
- **Customers**: The company has not yet established any operational customers as it is primarily focused on the acquisition process. There are no reported figures for revenue or income since the company has yet to engage in commercial operations.

### Conclusion
dMY Squared Technology Group, Inc. is positioned to function as a bridge between private and public markets within the professional services sector, with intentions of realizing strong revenue through strategic mergers. However, at the current stage, it is in the fundraising and acquisition identification stage without any operational revenue or customers.

dMY Squared Technology Group, Inc.

10-K / April 3, 2025

10-K / April 1, 2024

10-K / April 3, 2025

Company Summary: dMY Squared Technology Group, Inc.

Overview

Business Purpose

Financials & Operations

Capital & Securities

Key Activities

Management & Governance

Summary