TdMY Technology Group filed an S-1 with the SEC to offer 25 million units at $10 each. A unit consists of one share of Class A common stock and one-fifth of one redeemable warrant; whole warrants exercisable at $11.50 for a share.
The new SPAC plans to target companies within the mobile app ecosystem or consumer internet companies with enterprise valuations in the range of $500 million to $1.5 billion.
TdMY is led by CEO and Director Niccolo de Masi, who is also the CEO and director of dMY III and dMY IV, co-chairman of AdMY, and director of Rush Street Interactive and of Genius Sports Limited. His SPAC dMY Technology Group II closed a merger in April with Genius Sports. Quantum computing company IonQ is in a pending merger with dMY III.
Goldman Sachs is sole bookrunner for the offering. The underwriters have a 45-day option to purchase up to 3.75 million additional units to cover any over-allotments.
The SPAC has applied to list on the NYSE under TDMY.U. Read more.
