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[dMY Technology Group, Inc. VI Announces Termination of Tender Offer](https://www.businesswire.com/news/home/20230406005775/en/dMY-Technology-Group-Inc.-VI-Announces-Termination-of-Tender-Offer) \- DMYS DMYS.WS Press release issued last night, includes an interesting explanation for why DMYS terminated the business combination agreement and decided to liquidate. "Following the expiration of the Tender Offer, **the Nasdaq Stock Market** (the “Nasdaq”) **was unable to approve the listing in time for the Company to meet the condition under its share purchase agreement** (the “Share Purchase Agreement”) **in connection with a business combination** (the “Business Combination”) **with Rain Enhancement Technologies, Inc.** (“Rainwater Tech”) **that required continued listing on a stock exchange in order to consummate the closing of the Business Combination.** Concurrent consummation of the Business Combination was a condition to the consummation of the Tender Offer, as described in the Offer to Purchase. **Because the Company did not receive timely Nasdaq listing approval, it was unable to satisfy the conditions precedent to closing the Business Combination. As a result, the Share Purchase Agreement was terminated as of April 5, 2023** pursuant to Section 9.1(a) of the Share Purchase Agreement." DMYS announced the ***intention*** to change their listing from the NYSE to NASDAQ on [March 23, 2023](https://www.businesswire.com/news/home/20230323005694/en/dMY-Technology-Group-Inc.-VI-Announces-Intention-to-Transfer-to-Nasdaq-Upon-Completion-of-Business-Combination-with-Rainwater-Tech). DMYS filed a number of tender offer SC TO-I and SC TO-I/A forms. The [tender offer](https://www.sec.gov/Archives/edgar/data/1858327/000119312523015732/d410316dex99a1a.htm) stated: "**Because dMY VI intends to consummate the Business Combination without seeking stockholder approval, stockholders will not have the right or opportunity to vote on the Business Combination.** Accordingly, the only opportunity afforded to the stockholders of dMY VI to make an investment decision regarding the Business Combination is to exercise their rights to tender their shares of Common Stock within the period of time (which will be through February 24, 2023) as set forth in this Offer to Purchase." [DMYS charter](https://www.sec.gov/Archives/edgar/data/1858327/000119312521291122/d346003d424b4.htm) gave them until April 5, 2023 ( 18 months from October 5, 2021 ) to complete the business combination. They *could have* extended for an additional three months, for $2,100,000. Instead they decided to liquidate and blame NASDAQ, which seems a bit disingenuous.
[dMY Technology Group, Inc. VI Announces Liquidation](https://www.businesswire.com/news/home/20230405005794/en/dMY-Technology-Group-Inc.-VI-Announces-Liquidation) "dMY Technology Group, Inc. VI (NYSE: DMYS) (“dMY VI” or the “Company”), a special purpose acquisition company, announced today that **the independent and disinterested Directors made a reasonable determination, based on the current facts and circumstances, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies**, Inc. (“Rainwater Tech”). Accordingly, the Company intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation" Curious ... DMYS just announced a $60 million+ Forward Purchase Agreement with Meteora [on April 3, two days ago](https://www.sec.gov/Archives/edgar/data/1858327/000119312523088925/d481559d8k.htm).
$DMYS enters into FPA with Meteora for up to 6M shares in connection with its Rainwater Tech deal.
DMYS is becoming RANY Rainwater tech
First time I’ve ever sold warrants a day before DA and it was somehow beneficial with DMYS. With DMYY being such a small trust I can’t wait to see what science experiment they strike a deal with next.
I love it how much pumped DMYS was by the twitter gang. Only to come up with a fucking rainwater company. you can't make this shit up.
Most of it already exited on DAs, and then bought & sold in to the DMYS drop/bounce over the last week. My only real paper gains right now are SVII which I’d actually prefer to drop from current bid/ask to buy more in to.
Does anyone know what the deadline is for DMYS?
Who’s left ? UTAA ? DMYS anything else
I guess you could do DMYS commons until DA on the longshot it's something that will boost it above NAV
>I don't get who would be buying DMYS warrants at 0.50. It has to be one of the worst risk rewards in SPACland today. GENIWS is at $0.75 today. IONQWS is at $1.06 today . PLWS is at $1.19 today. RSI warrants were ITM when they were called (well over $0.50, probably closer to $4, but that was Feb 2021) How do you figure this is one of the worst risk/rewards?
I think DMYS should get something decent, even tho all the DMY SPACs are near or below $5. But I don’t think OnlyFans is the one. Don’t see the reason they would choose them. Still think OF wants a partner with connections that would help image and growth.
Yeah I get there are some pumpers but there isn't a shred of evidence connecting DMYS with OnlyFans. At least UTAA has some strong connections and warrants are trading at half the price.
I don't get who would be buying DMYS warrants at 0.50. It has to be one of the worst risk rewards in SPACland today. Even if there is a DA soon, it's unlikely to bump it up much from these levels. It may just drop immediately on DA in the likely scenario it's a company no one has heard of.
OnlyFans hit list: UTAA DMYS HZON ~~VYGG~~ ~~IPOD~~ ~~IPOF~~ The list is getting shorter 😮
I know it’s been called out a few times, but DMYS warrant strength/volume holding up still, hoping it’s something interesting
A lot of warrants snapping back upwards, DMYS specifically one of those I watch with a 80-100% rise from where it had bouncing the last month.
DMYS warrants up on some volume with announcement of new DMY spac ipo
no one thought would DMYS would be at $.45
Ya I’ve accumulated DMYS and SCRM. Think highly likely both get a deal but honestly surprised DMYS isn’t down more considering how the despacs have been
DMYS was up bc all their other deSPACs were doing good. Not so much now. Probably above avg still in terms of potential but probably not great even at this price
What’s the current temperature on DMYS? I remember when it started trading (wen Koreans yolo IONQ), the consensus was warrants were a good buy at 1.25-1.30… Warrants seem to be near bottom, thoughts?
Haven't seen DMYS thrown in the mix here, but could be a good fit... From their S-1: \>We intend to focus our search for an initial business combination on companies within the mobile application (“app”) ecosystem or consumer internet companies with enterprise valuations in the range of $500 million to $1.5 billion, though our search may span many consumer software segments worldwide. We intend to specifically focus on companies that have created compelling mobile app experiences with significant growth in segments such as gaming, entertainment, education, e-commerce, dating and health and wellness.
Definitely agree. I'd add a couple more IPOD IPOF DMYS DCRD best ones to have imo. Honorable mentions to FMIV SVFA SCRM
Dang really…. More sell pressure than is already there. I’ll give you an off market offer or $.25 for your KCGi, DCRD and DMYS…
Don't buy warrants over a .30 cents unless team has a proven record. FMIV, DMYS, DCRD, SVFA, CIIG etc. i know that isn't your question but still feel it's important to mention. As others said warrants are usually a price indicator of what's to come with the underlying stock
100% agree with this list. you just missing 2 DMYS and FMIV. i would also throw GIA and CIIG in there
I heard $DMYS has it locked down.
DMYS warrants finally sub $1 but still over priced.
DMYS is about the closest i seen lately. can't believe it's holding over $1. warrants are at a price now we can either get rich or lose it all lol. Lambos or Ramen. im sticking with under .55 cent warrants personally and only 1/3rd of my acct. too risky rn
lol no definitely not. i been a part of this sub before it had even 1k active users on it. couple issues there 1) You can wait and redeem for $10 a share making warrants free 2) Doubt a solan warrant will come out at .60. im thinking .90 - $1 maybe .70 - .75 lowest. chk DMYS warrants for reference and those were 1/2 with units. Skilled SPAC managers warrants demand a premium 9/10 times. and im thinking commons around 9.70 - 9.80 3) NEVER EVER hold a Spac past merger in this kind of environment. Never! *This can all change if his previous spacs continue to plummet into penny land or the market takes a huge dump
PNTM, CPUH, GSEV, DMYS. Most SPACS are trading below NAV now, but if you want a higher probability of buying one which might DA sometime soon, you can try picking some from the list at the bottom of this post: [https://www.reddit.com/r/SPACs/comments/rme362/do\_large\_expenses\_indicate\_a\_da\_is\_around\_the/](https://www.reddit.com/r/SPACs/comments/rme362/do_large_expenses_indicate_a_da_is_around_the/)
Anyone else pick up some DMYS warrants sub 1.30 yesterday? Thinking it’s a good entry point but PL is not helping people’s confidence…
Yes, I've been adding on to my PL position the last few weeks during this dip. I've also been picking up more DMYS.
PPGH, PACX, BARK, DMYS, GENI. PPGH by far the biggest. Santa plz give everyone in Asia a grand new Gogoro
Sold most of my PRPB warrants at $1.40 this morning. Holding onto some to see if we get any more pop when market opens. Now down to 2 main pre-DAs (CRHC and CPUH). Looking to put my PRPB money into a third pre-DA warrant. Can you guys shill me on some good ones that have been out a while, good team, 1/3 warrant or better split? Have a few on my watchlist (HAAC, LFTR, HERA, and some Churchill ones. I like DCRC but still pretty new and DMYS new and still too expensive for me for a 1/2 warrant split)
Wow congrats! I really think you/we picked a winner. Fwiw I have a half position in a really long account, which I’m not touching. Then In my main acct I have a full position that I will still long a small portion of, but will set some high sell orders to trim most of the position if/when it hits major profit targets. In any case, I really think this is a great place to park funds. most of the best deSPACs have been based in SF too, and PL fits the bill yet again. I think the DMY Team is fire. I have. A bunch of shares of DMYS too and trying to just keep them there, but it can be hard when it operates more like a savings account until a rumor or DA manifests… which could be awhile. DMY team moves fast as hell tho!
what did you buy? added more IPOF 03/18 9c, AGCB commons and 04/14 10c, DMYS commons, GENI, HZONW,
DMYS is below NAV, they tend to find targets very quick...
So… is anyone else considering using DMYS as a savings account? Is anyone else setting aside funds to buy DMYQ/PL if there is a post merger dip? Asking for a friend
The fact that people are willing to pick up DMYS warrants above $1 shows that this sub never learns. These are 1/2 warrants and the market is looking soooooo juicy for a correction right now. Hope y'all won't need a DA to unload bags. Yes I want them on the cheap but I don't want y'all to suffer for it to happen.
I love the DMY team but I don’t think now is the time to be adding pre-DA warrants that are over .50. I loved my DMYS-UN that I got at 10.20, but loved unloading them at $11 even more. That was the easy money there. Since they are the current hot sponsor, I’d be a buyer of DMYS-WT at maybe .75. I remember too clearly how things plummeted last Feb.
Considering getting some DMYS/WS. How far do you guys think this will fall? Close to $1.00 like DMYQ at one point?
People here waited for DMYS to split when they could have just bought BENEW.