dMY Technology Group III announced today that its business combination with IonQ is expected to be approved at the stockholder meeting tomorrow.
Stockholders representing more than 60% of the company’s issued and outstanding shares have submitted proxies, of which more than 96% were voted in favor of the deal.
Announced in February, the deal would create one of the first public quantum-computing firms.
Upon closing, IonQ expects to receive in excess of $600 million of gross proceeds, reflecting redemptions of the SPAC’s units “in the single-digit percentile” dMY said in a news release. Read more.
