dMY Technology Group, Inc. Announces the Separate Trading of Stock and Warrants
dMY Technology Group, Inc. (NYSE: DMYT.U) (“DMY” or the “Company”) announced that holders of the units sold in the Company’s initial public offering of 23,000,000 units completed on February 25, 2020 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about April 13, 2020. Any units not separated will continue to trade on The New York Stock Exchange under the symbol “DMYT.U”, and each of the shares of Class A common stock and warrants will separately trade on The New York Stock Exchange under the symbols “DMYT” and “DMYT WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
dMY Technology Group, Inc. 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 application (“app”) ecosystem or consumer internet companies with enterprise valuations in the range of $500 million to $1.5 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.