dMY Technology Group, Inc. VI Announces Closing of $241.5 Million Initial Public Offering
October 05 2021 - 4:05PM
Business Wire
dMY Technology Group, Inc. VI (the “Company”) today announced
that it closed its initial public offering of 24,150,000 units, at
$10.00 per unit, which included the full exercise of the
underwriters’ option to purchase an additional 3,150,000 units to
cover over-allotments, resulting in gross proceeds of $241.5
million before fees and expenses. The units are listed on the New
York Stock Exchange (“NYSE”) and commenced trading under the ticker
symbol “DMYS.U” on Friday, October 1, 2021. Each unit consists of
one share of Class A common stock and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one share
of Class A common stock at a price of $11.50 per share. Only whole
warrants will be exercisable. Once the securities comprising the
units begin separate trading, the shares of Class A common stock
and warrants are expected to be listed on the NYSE under the
symbols “DMYS” and “DMYS WS”, respectively.
Goldman Sachs & Co. LLC acted as sole book-running manager
for the offering, and Needham & Company, LLC acted as
co-manager of the offering.
About dMY Technology Group, Inc. VI
dMY Technology Group, Inc. VI is a blank check company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. While the Company
may pursue an initial business combination target in any industry
or geographic region, the Company intends to focus its search for
an initial business combination on companies within the mobile app
ecosystem or gaming, enterprise cloud and consumer internet
companies with enterprise valuations in the range of $1 billion to
$3 billion, though the Company’s search may span many consumer
software segments worldwide. The Company intends to specifically
focus on companies that have created compelling mobile app
experiences with significant growth in segments such as gaming,
entertainment, education, e-commerce, dating and health and
wellness.
Registration statements relating to these securities were
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on September 30, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282, telephone: +1 866 471 2526,
facsimile: +1 212 902 9316, or email:
prospectus-ny@ny.email.gs.com.
Forward-Looking Statements
This press release contains statements that constitute
forward-looking statements, including with respect to the initial
public offering and search for an initial business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statements for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211005006106/en/
Investors: David Chung dMY Technology Group, Inc. VI
david@dmytechnology.com (910) 850-5776
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