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App-focused SPAC dMY Technology Group III prices upsized $275 million IPO at $10

Nov 13, 2020 - Nasdaq

dMY Technology Group III, the third blank check company formed by Niccolo de Masi and Harry You targeting an app business, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.

The company is led by CEO and Director Niccolo de Masi, CIO of Resideo Technologies (NYSE: REZI) and former CEO of Glu (Nasdaq: GLUU), and Chairman Har...