NYSE American to Delist dMY Squared Technology Group Stocks Amid Failure to Achieve Business Combination

NYSE American to commence delisting proceedings against dMY Squared Technology Group due to failure to consummate a business combination within 36 months of its initial public offering registration statement. Trading in the company's securities will be suspended immediately. The decision can be reviewed by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange.

NYSE American has initiated delisting proceedings against dMY Squared Technology Group, Inc. (NYSE American: "DMYY", "DMYY.U" and "DMYY.WS") following the company's failure to complete a business combination within the 36-month period from its initial public offering registration statement. The decision to commence delisting proceedings was announced on September 12, 2025, and trading in the company's securities has been suspended immediately dMY Squared Securities Expected to Begin Trading on OTC Markets on September 30, 2025^[1].

The delisting proceedings were triggered by dMY Squared's inability to finalize the business combination with Horizon Quantum Computing Pte. Ltd. within the stipulated timeframe. According to the company's press release, the transition of its securities to the OTC markets was expected to provide continued liquidity and trading access for shareholders while the business combination was completed. However, the failure to meet the deadline has led to the commencement of delisting proceedings dMY Squared Securities Expected to Begin Trading on OTC Markets on September 30, 2025^[1].

The decision to delist dMY Squared can be reviewed by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange. The panel will assess the circumstances surrounding the delisting and may provide an opportunity for the company to address the issues that led to the failure to consummate the business combination dMY Squared Securities Expected to Begin Trading on OTC Markets on September 30, 2025^[1].

Investors and shareholders of dMY Squared are advised to closely monitor the developments in the delisting proceedings and to review the relevant documents filed with the SEC, including the registration statement and proxy statement/prospectus for the business combination dMY Squared Securities Expected to Begin Trading on OTC Markets on September 30, 2025^[1]. The documents will contain important information about the business combination and the other matters to be voted upon at a special meeting of dMY Squared's shareholders.