dMY Squared Technology Group closed its initial public offering of 6 million units at $10 each, resulting in gross proceeds of $60 million before fees and expenses.
The units list on the NYSE American and trade under the ticker symbol DMYY.U. Each consists of one share of Class A common stock and one-half of a warrant, with whole warrants exercisable to purchase a share at $11.50.
Once the securities begin separate trading, shares and warrants are expected to list under the symbols DMYY and DMYY.WS.
The SPAC has said it will focus on companies within the professional service industry that provide accounting, legal, financial, advisory or other services.
Needham & Company was sole book-running manager for the offering. Read more.
