Dmy Squared Technology Group, INC

Market Movers (8-K)

dMY Squared Technology Group, Inc. has finalized its business combination with Horizon Quantum Computing Pte. Ltd., with warrants now exercisable for shares of the new parent entity, Horizon Quantum Holdings Ltd., trading on Nasdaq.
Horizon Quantum Computing has completed its business combination with dMY Squared Technology Group, Inc., securing approximately $120 million in gross proceeds and preparing for Nasdaq trading under the ticker HQ.
Capital raise
DMY Squared Technology Group, Inc. shareholders overwhelmingly approved the business combination with Horizon Quantum Holdings Ltd. and related governance changes at a special meeting.
dMY Squared Technology Group, Inc. has extended its deadline to complete an initial business combination by one month to March 29, 2026.
Delay expected
dMY Squared Technology Group, Inc. announced its board approved a one-month extension to February 28, 2026, for its initial business combination deadline.
Worse than expected
Delay expected
dMY Squared Technology Group, Inc. provided an update on its proposed business combination with Horizon Quantum Holdings Pte. Ltd. and Horizon Quantum Computing Pte. Ltd., including an investor presentation.
Capital raise

Quarterly Earnings (10-Q)

dMY Squared Technology Group, Inc. reported a significant net loss and delisting from NYSE American, while pursuing a business combination with Horizon Quantum Computing.
Worse than expected
Delay expected
Capital raise
dMY Squared Technology Group, Inc. reports a substantial increase in net loss and accumulated deficit, raising significant doubt about its ability to continue as a going concern, despite a non-binding LOI with Horizon Quantum Computing.
Delay expected
Worse than expected
Capital raise
dMY Squared Technology Group, Inc. filed an amended quarterly report, restating its Q1 2025 financials due to an under-accrual of excise tax and disclosing a new material weakness in internal controls.
Delay expected
Worse than expected
Capital raise
DMY Squared Technology Group reports a net loss for Q1 2025 and expresses substantial doubt about its ability to continue as a going concern due to liquidity issues and the approaching deadline for completing a business combination.
Worse than expected
Capital raise
Delay expected
DMY Squared Technology Group reports a net loss of $344,035 for the nine months ended September 30, 2024, as it continues its search for a business combination.
Worse than expected
Delay expected
Capital raise
DMY Squared Technology Group reports a net loss for Q2 2024, while continuing efforts to secure a business combination and extending its operational timeline.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

dMY Squared Technology Group files its 10-K, restating prior financials due to errors in calculating Class A common stock redemption value and misuse of trust account funds.
Worse than expected
dMY Squared Technology Group, Inc.'s 10-K filing outlines the company's share structure, warrant details, and redemption rights for public shareholders.
Capital raise

Insider Trading (Form 4)

dMY Squared Sponsor, LLC converted over 1.1 million Class B common shares into Class A common shares in anticipation of the business combination with Horizon Quantum Computing.
Horizon Quantum Computing's CEO discusses a $2.6 million investment in its quantum computer, its strategic importance, and the timeline for commercial applications, alongside details of its ongoing business combination with dMY Squared.
Capital raise
Horizon Quantum Computing's CEO discusses a $2.6 million investment in its Singapore quantum testbed and the company's strategic growth ahead of its public listing.
Capital raise
Horizon Quantum's CEO discusses the company's software infrastructure to enable real-world quantum applications and the future timeline for commercial quantum advantage amidst a business combination.
Capital raise
Horizon Quantum Computing's CEO discusses the critical role of software in accelerating quantum advantage and the company's hardware-agnostic approach amid an industry inflection point.
Capital raise
dMY Squared Technology Group and Horizon Quantum Computing are moving forward with their proposed business combination, filing an investor presentation.
Capital raise

Proxy Statements (Def-14A)

Horizon Quantum Computing and dMY Squared Technology Group announced a $110 million PIPE financing, oversubscribing their target, to support their proposed business combination expected to close in Q1 2026.
Better than expected
Capital raise
Horizon Quantum Computing, a quantum software pioneer, has completed assembly and integration of its first operational quantum computer in Singapore.
Better than expected
Capital raise
dMY Squared Technology Group, Inc. is seeking shareholder approval to extend its business combination deadline to January 29, 2026, with further extensions possible, to complete its merger with Horizon Quantum Computing Pte. Ltd.
Worse than expected
Delay expected
Capital raise
dMY Squared Technology Group, Inc. is seeking shareholder approval to extend its deadline to complete a business combination with Horizon Quantum Computing Pte. Ltd. until June 29, 2026, following its delisting from NYSE American.
Worse than expected
Capital raise
Delay expected

Schedule 13D - Activist Investments

National Philanthropic Trust has filed a Schedule 13D, disclosing beneficial ownership of 231,520 Class A common shares, representing 9.0% of dMY Squared Technology Group, Inc., received as a donation.

Schedule 13G - Passive Investments

Merus Global Investments, LLC has filed an amendment to its Schedule 13G, reporting a 0% beneficial ownership stake in dMY Squared Technology Group, Inc.
J. Goldman & Co. LP and its affiliates report 0% beneficial ownership in DMY Squared Technology Group, Inc.'s Class A Common Stock.
Worse than expected
J. Goldman & Co. LP, J. Goldman Capital Management, Inc., and Jay G. Goldman have jointly disclosed a beneficial ownership of 6.41% in dMY Squared Technology Group, Inc.'s common stock.
Shay Capital LLC and Shay Capital Holdings LLC have reported a beneficial ownership of 5.4% in dMY Squared Technology Group, Inc.'s Class A Common Stock.
dMY Squared Sponsor, LLC and Harry L. You report beneficial ownership of 29.7% of dMY Squared Technology Group, Inc.'s Class A common stock.
J. Goldman & Co. LP, along with J. Goldman Capital Management, Inc. and Jay G. Goldman, reported a 9.62% passive ownership stake in dMY Squared Technology Group, Inc. common stock.