DMY Squared's 15-minute chart has triggered a KDJ Death Cross and a Bearish Marubozu, as of September 23, 2025, at 13:45. This indicates a shift in the stock price's momentum towards the downside, with a potential for further decrease. Sellers are currently in control of the market, and it is likely that bearish momentum will continue.
dMY Squared Technology Group, Inc. (NYSE American: DMYY, DMYY.U, DMYY.WS) has clarified its ability to extend the deadline for consummating its initial business combination with Horizon Quantum Computing Pte Ltd. (Horizon Quantum). The company's amended and restated articles of organization allow for up to 23 monthly extensions, each requiring a deposit of $50,000 into the Company's trust account, potentially extending the deadline to December 29, 2025. This extension provides additional time to complete the business combination, which is set to expire on March 29, 2026
dMY Squared Technology Group Clarifies Ability to Extend Outside Date[1].
Harry You, Chairman and CEO of dMY Squared, expressed excitement about the partnership with Horizon Quantum, stating, "We continue to be incredibly excited at the opportunity to partner with the Horizon Quantum team to realize its mission of developing a common quantum software platform, and are proceeding expeditiously towards closing the transaction."
The extension comes amid market indicators suggesting a potential shift in the stock's momentum. As of September 23, 2025, at 13:45, dMY Squared's 15-minute chart triggered a KDJ Death Cross and a Bearish Marubozu, indicating a downside trend in the stock price. This suggests that sellers are currently in control of the market, and bearish momentum is likely to continue .
The business combination with Horizon Quantum is subject to various risks and uncertainties, including the potential termination of the business combination agreement, legal proceedings, and the inability to obtain shareholder approval. Additionally, the cash position of Horizon Quantum following the closing of the business combination, the ability to maintain the listing of Holdco's securities on a stock exchange, and the risk of disruption to Horizon Quantum's operations are among the factors that could impact the success of the transaction.
Investors and security holders are advised to review the registration statement, including the preliminary proxy statement/prospectus, for more detailed information about the business combination and other matters to be voted upon at a special meeting of dMY Squared's shareholders.
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