# dMY Squared Technology Group, Inc. > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/fi/companies/dMY Squared Technology Group, Inc.). ## Overview dMY Squared Technology Group, Inc. is a U.S.-based blank check company formed to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. As a special purpose acquisition company, it exists as a public acquisition vehicle rather than an operating business until a transaction is completed. ## Products & services • Special purpose acquisition company (SPAC) structure • Public equity and warrant securities • Business combination / merger vehicle • Trust account capital deployment - **SPAC vehicle** (100%) — The company’s core structure is a public shell formed to acquire or merge with an operating business. - Special purpose acquisition company (SPAC) structure - Public equity and warrant securities - Business combination / merger vehicle - Trust account capital deployment ## Customers dMY does not sell products or services to end customers in the normal operating sense. Its primary counterparties are public market investors, warrant holders, and a future merger target whose shareholders would receive consideration in a business combination. The company also interacts with brokers, trustees, advisors, and regulators as part of maintaining its public listing and executing a transaction. - **Public investors** (primary) — Buy units, shares, and warrants for exposure to a future deal and redemption rights. - **Target company shareholders** (primary) — Would receive stock or other consideration in the announced business combination. - **Broker-dealers and market makers** (secondary) — Provide trading access and liquidity for the listed or OTC securities. - **Advisory and service providers** (secondary) — Provide legal, accounting, audit, and transaction support to the SPAC process. - Public shareholders who buy the SPAC units, shares, and warrants - Warrant holders seeking optionality on a future transaction - A target company and its owners in a business combination - Broker-dealers and market participants trading the securities - Advisors and service providers supporting the acquisition process ## Geography dMY is incorporated in Massachusetts and is based in the United States, where its securities are issued and traded. Its business is inherently cross-border because its announced business combination involves a Singapore-based target and Singapore holding structure, which makes the company exposed to U.S. securities rules and foreign transaction execution at the same time. - Incorporated in Massachusetts, United States - Securities are traded in U.S. public markets and OTC venues - Announced transaction involves Singapore-based Horizon and Holdco - U.S. securities law and exchange rules shape trading access - Cross-border deal execution adds regulatory and closing complexity ## Strategy The company’s strategic objective is to complete a business combination and transition from a blank check vehicle into a combined public company. Its announced transaction with Horizon Quantum Computing is intended to create a listed holding company structure for a quantum-computing software business, making deal execution the central strategic priority. - **Close the announced business combination** (short-term) — The company has no operating business until a transaction is completed. - **Preserve trading access and investor confidence** (short-term) — Liquidity and marketability of the securities affect financing and deal execution. - **Build a public platform for the target business** (medium-term) — The combined company is intended to support a quantum-computing software business. - Complete the pending business combination - Transition from SPAC shell to operating public company - Use the transaction to create a listed quantum-computing platform - Maintain market access for the securities during the process - Satisfy exchange, regulatory, and closing requirements ## Risks dMY’s main risks are transaction failure, securities-market illiquidity, and regulatory constraints tied to being a blank check company. Because it has no operating revenue, its value depends on completing a business combination and on the market’s ability to trade its securities efficiently. - **Failure to complete an initial business combination** [critical] — The company exists to consummate a merger or similar transaction; without one it may dissolve and liquidate. - **Reduced liquidity after delisting and OTC trading** [high] — OTC markets typically have fewer quotes, lower volume, and less analyst coverage. - **Rule 15c2-11 broker-dealer restrictions** [high] — If reporting or listing conditions are not met, broker-dealers face extra suitability and consent requirements. - **Regulatory and state-law friction for blank check securities** [medium] — Securities no longer listed on a national exchange may face state-level scrutiny or delays. - **Cross-border transaction execution risk** [medium] — The announced combination involves Singapore entities and a U.S. SPAC structure, increasing closing complexity. - Failure to complete a business combination could force liquidation - OTC trading can reduce liquidity and investor access - Rule 15c2-11 and delisting can limit broker-dealer activity - Blank check companies face state and federal securities scrutiny - Cross-border deal execution adds legal and regulatory risk ## Accounting The most important accounting issues are derivative warrant liabilities, excise tax on redemptions, and fair value measurement of SPAC-related instruments. Because the company has no operating revenue, changes in valuation, redemption accounting, and tax accruals can dominate reported results and equity balances. - **Derivative warrant liabilities** — Can materially affect reported net income or loss each period - **Excise tax on redemptions** — Affects liabilities, accumulated deficit, and period expense - **Trust account interest income** — Supports reported results despite no operating revenue - **Fair value measurement** — Introduces estimate risk and earnings volatility - Warrants are measured as derivative liabilities at fair value - Fair value changes flow through earnings each period - Excise tax on share redemptions affects accumulated deficit - Trust-account interest is a key non-operating income source - Restatements and internal control issues can affect reliability --- *Last updated: 2026-04-29T05:12:11.007429+00:00*