Item 8.01. Other Events.
On January 12, 2021, dMY Sponsor II, LLC, dMY Technology
Group, Inc. II (collectively “dMY II”) and dMY Sponsor III, LLC,
dMY Technology Group Inc. III (collectively “dMY III”) accepted
service of a lawsuit where they are named as Counterclaim
Defendants in an underlying action by and between GTY Technology
Holdings, Inc. (“GTY”), dMY Technology Holdings Inc. and dMY
Sponsor, LLC (collectively “dMY I”) and Carter Glatt (“Glatt”) and
Captains Neck Holdings LLC (“Captains Neck”). See dMY Sponsor,
LLC et al. v. Carter Glatt et al., Index No. 653903/2020
(Sup. Ct. N.Y. County 2020) (the “Underlying Lawsuit”).
The Underlying Lawsuit seeks a declaratory judgment that Glatt and
Captains Neck are not entitled to Class Y Units of dMY Sponsor
LLC and contains claims arising from Glatt’s termination of
employment from GTY on or about April 3, 2020 including theft
and misappropriation of confidential GTY information, breach of
contract, breach of the duties of loyalty and fiduciary duty and
Glatt has, among other things, responded to the Underlying Lawsuit
by adding Harry L. You, Niccolo de Masi, dMY II and dMY III as
Counterclaim Defendants and adding Dune Acquisition Holdings LLC, a
newly formed special purpose acquisition company (NASDAQ trading
symbol DUNEU) as a Counterclaimant and asserting claims for breach
of contract, fraudulent misrepresentation, negligent
misrepresentation, tortious interference with business relations,
quantum meruit and unjust enrichment.
dMY II and dMY III have never employed Glatt and have no business
agreements with him.
dMY II and dMY III deny the claims against them and intend to
vigorously defend themselves.
Cautionary Note Concerning Forward-Looking
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
intentions of dMY II and dMY III with respect to Glatt’s claims.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of dMY II and dMY III, including
those set forth in the corresponding Risk Factors section of the
respective registration statements for each of dMY II and dMY III
for the initial public offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. dMY II and dMY III
undertake no obligation to update these statements for revisions or
changes after the date of this release, except as required by