dMY Squared Technology Group in an 8-K said 4,579,414 shares of Class A stock have been redeemed ahead of next week’s extension vote out of 6,319,000 shares outstanding. That leaves 1,739,586 shares.
Shareholders are set to vote Jan. 2 on a proposal to push the SPAC’s termination deadline from Jan. 4 up to Dec. 29, 2025 in monthly increments.
If the proposal is approved, the company’s sponsor would deposit $41,667 into trust for the first month and $50,000 for each month thereafter.
dMY Squared had raised $60 million in an October 2022 IPO. The SPAC has been focused on companies within the professional service industry that provide accounting, legal, financial, advisory or other services. Read more.
