SCHEDULE: Sponsor & Harry L. You Boost Stake in dMY Squared to 29.7%

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.

Summary

• dMY Squared Sponsor, LLC and Harry L. You collectively beneficially own 1,163,484 shares of dMY Squared Technology Group, Inc. Class A common stock.
• This ownership represents 29.7% of the Class A common stock outstanding.
• The ownership is primarily through Class B common stock, which is convertible into Class A common stock on a one-for-one basis.
• Harry L. You, as the manager of dMY Squared Sponsor, LLC, shares voting and dispositive power over these securities.
• The percentage of class is calculated based on 2,754,852 Class A shares outstanding plus the 1,163,484 shares convertible from Class B common stock.
• The filing excludes 2,884,660 warrants held by the Sponsor, exercisable at $11.50 per share, as they are not exercisable within 60 days of the report date.

Sentiment

Score: 6

Explanation: The filing is a routine beneficial ownership disclosure, indicating a significant and stable insider stake, which can be viewed as a neutral to slightly positive signal for investor confidence.

Positives

• Reporting persons, dMY Squared Sponsor, LLC and Harry L. You, hold a significant beneficial ownership stake of 29.7% in the company, indicating strong insider alignment.

Future Outlook

NA

Industry Context

This filing reflects the beneficial ownership of the sponsor and its manager in a Special Purpose Acquisition Company (SPAC), which is standard practice for SPAC structures where sponsors typically hold a substantial initial stake.

Comparison to Industry Standards

• The 29.7% beneficial ownership by the sponsor and its manager is a substantial stake, aligning with typical sponsor ownership levels in SPACs, which often range from 20% to 30% of the initial equity.
• The structure of Class B common stock convertible into Class A is a common mechanism for SPAC sponsors to maintain control and align interests with public shareholders post-business combination.

Related Party Transactions

• dMY Squared Sponsor, LLC, and its manager, Harry L. You, are considered related parties due to their significant beneficial ownership and control over the Issuer's securities.

Stakeholder Impact

• Shareholders: The significant beneficial ownership by the sponsor and its manager indicates strong insider alignment, potentially influencing investor confidence.

Next Steps

• Conversion of Class B common stock into Class A common stock upon the consummation of the Issuer's initial business combination.

Key Dates

Recommendation

This Schedule 13G filing primarily reports the beneficial ownership of the company's sponsor and its manager, Harry L. You, maintaining a substantial 29.7% stake. While this indicates strong insider alignment and commitment, the filing itself does not contain new financial performance data, strategic updates, or other information that would fundamentally alter the investment thesis. Therefore, a 'hold' recommendation is appropriate, reflecting the stability of the ownership structure without providing new catalysts for a 'buy' or 'sell' decision.

Keywords

dMY Squared Technology Group, Inc., DMYQ, Schedule 13G, beneficial ownership, Harry L. You, dMY Squared Sponsor, LLC, Class A common stock, SPAC, ownership stake