SCHEDULE 13G/A: Sandia Investment Management and Timothy Sichler Disclose 17.1% Stake in dMY Squared Technology Group

Sandia Investment Management LP and Timothy J. Sichler have jointly reported a significant 17.1% beneficial ownership stake in dMY Squared Technology Group, Inc.'s Class A Common Stock.

Summary

• Sandia Investment Management LP and Timothy J. Sichler have filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership in dMY Squared Technology Group, Inc.
• As of April 30, 2024, the reporting persons collectively beneficially own 399,167 shares of Class A Common Stock.
• This ownership represents 17.1% of the Class A Common Stock outstanding.
• Both Sandia Investment Management LP and Timothy J. Sichler share voting and dispositive power over all 399,167 shares.
• Sandia Investment Management L.P. operates as an investment adviser, managing these securities for a private investment vehicle and separately managed accounts.
• Timothy J. Sichler, in his capacity as Managing Member of the general partner of Sandia, is deemed to indirectly beneficially own these securities.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or future prospects.

Positives

• The disclosure of a significant 17.1% beneficial ownership stake by Sandia Investment Management LP and Timothy J. Sichler indicates notable institutional investment interest in dMY Squared Technology Group, Inc.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Timothy J. Sichler serves as Managing Member of the general partner of Sandia Investment Management L.P., and in this capacity, he is deemed to indirectly beneficially own the reported securities, establishing a direct relationship between the two reporting entities.

Stakeholder Impact

• Shareholders may view the significant stake taken by an institutional investor positively, as it could signal confidence in the company's future prospects.

Key Dates

Keywords

dMY Squared Technology Group, Sandia Investment Management LP, Timothy J. Sichler, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Investor, Investment Management