Certain Class B Ordinary Shares of dMY Squared Technology Group, Inc. are subject to a Lock-Up Agreement Ending on 28-MAR-2023.
March 27, 2023
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Certain Class B Ordinary Shares of dMY Squared Technology Group, Inc. are subject to a Lock-Up Agreement Ending on 28-MAR-2023. These Class B Ordinary Shares will be under lockup for 180 days starting from 29-SEP-2022 to 28-MAR-2023.
Details:
The company and it's sponsor and it's officers and directors have agreed that the company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the prior written consent of the Representatives for a period of 180 days after the date of this prospectus, any units, warrants, ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, ordinary shares; provided, however, that the company may (1) issue and sell the private placement units; (2) issue and sell the additional units to cover it's underwriter's over-allotment option (if any); (3) register with the SEC pursuant to an agreement to be entered into on or prior to the closing of this offering, the resale of the private placement units and the ordinary shares underlying the units and the founder shares; and (4) issue securities in connection with it's initial business combination. However, the foregoing shall not apply to the forfeiture of any founder shares pursuant to their terms or any transfer of founder shares to any current or future independent director of the company (as long as such current or future independent director is subject to the terms of the letter agreement, filed herewith, at the time of such transfer; and as long as, to the extent any Section 16 reporting obligation is triggered as a result of such transfer, any related Section 16 filing includes a practical explanation as to the nature of the transfer). The Representatives, in their sole discretion, may release any of the securities subject to these lock-up agreements at any time without notice.
dMY Squared Technology Group, Inc. is a blank check company. The Company is formed for the purpose of entering a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. It intends to focus its search for an initial business combination on companies within the professional services industry that provide, accounting, legal, financial, advisory, and other services to public companies or private companies that are in the process of becoming public companies. The Company has not commenced any operations nor generated any revenues.