dMY Technology Group, Inc. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete its initial business combination with a company within the mobile app ecosystem. The company was founded in 2020 and is based in Las Vegas, Nevada.
On 3/7/2021 the company announced a pending merger with Ion Trap Acquisition, a leader in quantum computing. Assuming no redemptions, the SPAC shareholders will own 18% of the company. The $350 million PIPE at $`10 per share will own 17%. Valuation is 123x estimated 2022 revenue of $15 million.
$11.03 +0.03 (0.27%)
As of 04/09/2021 16:00:02 EST IEX book CBOE book
2021 © Stock Market MBA, Inc.