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Rain Enhancement Technologies, Inc. has partnered with Discovery Land Company to implement ionization rainfall generation technology at select properties globally. This initiative aims to improve rainfall by 16-18%, reducing reliance on municipal water and benefiting local communities. The partnership involves installing technology at three properties in H2 2023, with a minimum purchase agreement ensuring viable margins for Rainwater Tech. The collaboration aligns with Discovery's sustainable development goals, potentially lowering water costs while enhancing local water supplies.
Rain Enhancement Technologies, Inc. has appointed Doug Ireland as Chief Financial Officer (CFO), effective March 6, 2023. Ireland brings over 25 years of experience, enhancing financial leadership as Rainwater Tech prepares for growth. Previously the Head of Finance at Coalition, Inc., he holds CPA and CFA qualifications and has experience in high-growth tech firms. His mission aligns with Rainwater Tech's goal to address water scarcity through ionization rainfall generation technology. This transition comes as Rainwater Tech gets set to become publicly traded under the ticker symbol RANY following a business combination with dMY Technology Group, Inc. VI (NYSE: DMYS).
dMY Technology Group, Inc. VI (NYSE: DMYS) has extended the expiration date of its tender offer to purchase up to 24,150,000 shares of its Class A common stock at a purchase price of $10.231888 per share. This offer, in connection with its business combination with Rain Enhancement Technologies, Inc., will now expire on March 31, 2023. As of March 2, 2023, 4,770,940 shares were properly tendered. Shareholders who have already tendered need not re-tender their shares. Additionally, dMY VI released its audited annual financial statements for 2022 and intends to file its Annual Report on Form 10-K by March 31, 2023.
dMY Technology Group, Inc. VI (NYSE: DMYS) has extended the expiration date of its tender offer to purchase up to 24,150,000 shares of its Class A common stock to 5:00 p.m. New York City time on March 3, 2023. This extension pertains to the company's proposed business combination with Rain Enhancement Technologies, Inc. As of February 21, 2023, 327,361 shares were tendered. Shareholders who have tendered need not re-tender their shares, but they have the option to withdraw them. The complete tender offer details are available on the SEC's website.
dMY Technology Group, Inc. VI (NYSE: DMYS) has announced a Tender Offer to buy back up to 24,150,000 shares of its Class A common stock at a price derived from its Trust Account. The offer, which will expire on February 24, 2023, aims to provide shareholders an opportunity to exchange their shares for a pro rata portion of the Trust Account as it relates to the company’s Business Combination with Rain Enhancement Technologies, Inc. The closing price of DMYS shares was $10.08 on January 25, 2023. The offer is subject to certain conditions and is part of the company’s strategic efforts for the proposed Business Combination.
Rain Enhancement Technologies, Inc. has nominated Dr. Jim Yong Kim to its Board of Directors following its business combination with dMY Technology Group, Inc. VI (NYSE: DMYS). Dr. Kim, a former World Bank Group President, brings a wealth of experience in global economic development, climate change, and public health. CEO Mike Nefkens emphasizes that Dr. Kim's expertise will strengthen the board as Rainwater Tech seeks to commercialize its rainfall generation technology, which aims to provide reliable water access globally. The business combination is set to conclude soon, positioning Rainwater Tech for future growth.
dMY Technology Group, Inc. VI announced that holders of the 24,150,000 Units sold during its IPO on October 5, 2021, can trade shares of Class A common stock and warrants separately from November 22, 2021. Units not separated will continue to trade on NYSE under symbol DMYS.U, while shares of Class A common stock will trade under DMYS and warrants under DMYS WS. The company is a blank check firm targeting mergers, with a focus on mobile app and gaming sectors with enterprise valuations from $1 billion to $3 billion.
dMY Technology Group, Inc. VI closed its initial public offering of 24,150,000 units at
dMY Technology Group, Inc. VI announced the underwriters exercised their option to purchase an additional 3,150,000 units in its initial public offering, raising total units to 24,150,000. Each unit includes one share of Class A common stock and one-half redeemable warrant, exercisable at $11.50 per share. The offering, expected to close on October 5, 2021, will generate gross proceeds of $241.5 million before fees. The company targets business combinations in mobile apps, gaming, and consumer internet sectors.
dMY Technology Group, Inc. VI has priced its initial public offering (IPO) of 21 million units at $10.00 each, set to begin trading on the NYSE under the symbol 'DMYS.U' on October 1, 2021. Each unit consists of a share of Class A common stock and a half warrant, with each full warrant exercisable at $11.50. The offering is expected to close on October 5, 2021. The focus of the company is to pursue business combinations in the mobile app ecosystem and enterprise cloud sectors, targeting firms valued between $1 billion and $3 billion.
