dMY Technology Group, Inc. III Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on or About January 4, 2021

Rhea-AI Summary

dMY Technology Group, Inc. III announced that from January 4, 2021, holders of units from its November 2020 IPO can separately trade shares of Class A common stock and warrants. The original 30,000,000 units, trading under symbol DMYI.U, will continue as units, while the shares and warrants will trade under symbols DMYI and DMYI WS, respectively. No fractional warrants will be issued, and brokers will need to contact the transfer agent for any separation actions. The company focuses on mergers and acquisitions within the consumer technology sector, targeting businesses with valuations between $1 billion and $3 billion.

dMY Technology Group, Inc. III (the “Company”) announced today that holders of the units sold in the Company’s initial public offering of 30,000,000 units completed on November 18, 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 January 4, 2021. Any units not separated will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “DMYI.U”, and each of the shares of Class A common stock and warrants will separately trade on the NYSE under the symbols “DMYI” and “DMYI 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.

About dMY Technology Group, Inc. III

dMY Technology Group, Inc. III 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 broader consumer technology ecosystem that are either consumer-facing or support the infrastructure of consumer applications (“apps”) with enterprise valuations in an approximate valuation range of $1.0 billion to $3.0 billion, though the Company’s search may span consumer software segments worldwide and may pursue a target outside its expected range.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 12, 2020. 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 the 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.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s 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 statement 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201231005204/en/

FAQ

What is the effective date for trading DMYI.U units separately?

Holders of DMYI.U units can separately trade shares of Class A common stock and warrants starting on January 4, 2021.

What are the trading symbols for dMY Technology Group's shares and warrants?

The shares will trade under the symbol DMYI, and the warrants will trade under DMYI WS.

How many units were sold in dMY Technology Group's IPO?

dMY Technology Group sold 30,000,000 units in its initial public offering.

What is the focus of dMY Technology Group's future business combinations?

The company intends to focus on merging with companies in the consumer technology ecosystem, especially those with valuations of approximately $1 billion to $3 billion.