dMY Technology Group, Inc. VI
DMYS-WT
New York Stock Exchange0.14
USD
+0.01
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dMY Technology Group, Inc. VI
DMYS-WT
(New York Stock Exchange)
Recent
price
0.14
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- dMY Technology Group, Inc. VI (NYSE: DMYS-WT) operates as a special purpose acquisition company, or blank check company, whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting enterprise values between $1 billion and $3 billion in consumer software segments including gaming and cloud services; it does not currently own or operate any significant assets or subsidiaries other than cash held in trust from its initial public offering and does not generate revenue from active operations. The company consummated its initial public offering in October 2021, raising aggregate gross proceeds of $241.5 million, with shares and warrants trading separately under tickers DMYS and DMYS-WT; public shareholders received pro rata distributions from the trust account upon redemption, while warrants expired worthless. Incorporated in Delaware in 2021 and headquartered at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144, dMY Technology Group, Inc. VI completed its dissolution and liquidation process in April 2023 after terminating a proposed business combination with Rain Enhancement Technologies, Inc. (Rainwater Tech), which had been announced in late 2022 and was intended to result in a combined entity trading as RANY; the board determined it was not in the best interests of stakeholders to proceed. In conjunction with the liquidation, the company filed to delist its securities from the NYSE and terminate registration under the Securities Exchange Act of 1934; as of late 2025, DMYS-WT warrants continue to trade on an over-the-counter basis at minimal value with no ongoing operational activities or prospects for further business combinations. The SPAC is led by Chief Executive Officer Niccolo de Masi and Chairman Harry L. You, who bring prior experience from successful SPACs such as dMY Technology Group, Inc. III's merger with IonQ, Inc., though no active products, services, or strategic initiatives remain post-liquidation.