dMY Technology Group Rakes Up Additional $31.5M on Underwriters’ Full Exercise of Over Allotment Option

dMY Technology Group III

dMY Technology Group VI said the underwriters of its IPO have exercised in full their option to purchase an additional 3.15 million units. Including the exercise of the option, the SPAC is expected to issue a total of 24.15 million units for gross proceeds of $241.5 million before fees and expenses.

The offering is expected to close tomorrow.

dMY VI intends to focus its search within the mobile app ecosystem or gaming, enterprise cloud and consumer internet companies with enterprise valuations of $1 billion to $3 billion. Read more.

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