SCHEDULE 13G/A: Periscope Capital Inc. Discloses 7.4% Stake in dMY Squared Technology Group Inc.

Periscope Capital Inc. has filed an amended Schedule 13G, reporting a 7.4% beneficial ownership stake in dMY Squared Technology Group Inc.'s Class A common stock as of December 31, 2024.

Summary

• Periscope Capital Inc. reported beneficial ownership of 172,900 shares of dMY Squared Technology Group Inc.'s Class A common stock.
• This ownership represents 7.4% of the outstanding Class A common stock of dMY Squared Technology Group Inc.
• The percentage is calculated based on 2,338,586 shares of Class A common stock outstanding as of November 14, 2024, as reported in the Issuer's Form 10-Q.
• Periscope Capital Inc. directly owns 77,200 shares and acts as investment manager for certain private investment funds (Periscope Funds) that collectively own an additional 95,700 shares.
• Periscope Capital Inc. is identified as a non-U.S. investment adviser based in Canada.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This document is a factual disclosure of beneficial ownership, which is standard for a Schedule 13G filing. It does not contain information that would inherently indicate positive or negative operational or financial performance.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

dMY Squared Technology Group Inc, Periscope Capital Inc, Schedule 13G, beneficial ownership, Class A common stock, investment adviser, SEC filing, equity stake, institutional ownership