dMY Technology Group, Inc. III
DMYI · NYSE
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC, listed on NYSE in November 2020.
- What it's doing now
- It agreed to buy IonQ, Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- IonQ, Inc.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 16 November 2020
- size not on file
- Headquarters
- 4505 CAMPUS DRIVE, COLLEGE PARK, MD, 20740
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Ball Eric R. (Director) · TOLEDANO GABRIELLE B (Director) · FRANKOLA JIM (Director)
- Listed securities
- DMYI common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 16 November 2020IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closed
What IonQ, Inc. does — read from ionq.com on 26 August 2026
IonQ is a full-stack quantum computing company using trapped ion technology, with over 30 years of research. It offers quantum computing, networking, security, sensing, and space infrastructure products. IonQ claims world-record two-qubit gate fidelity (99.99%) and an architecture scalable to over 2,000,000 physical qubits. Its systems are accessible via Google Cloud, Microsoft Azure, AWS, and Nvidia.
Quantum computingQuantum networkingQuantum securityQuantum sensingQuantum space infrastructureDeal structureSEC-primary — BCA 8-K / S-4 / DEFM14A- PIPE
- ≈ $350M · unsourced
- Break fee
- $52M
PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.
The score
deterministic, from filed fieldsDMYI is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
dMY Technology Group, Inc. III was a blank-check special purpose acquisition company incorporated in Delaware and headquartered in Las Vegas, Nevada, that completed its initial public offering on November 16, 2020, with its common stock trading on the NYSE under the ticker DMYI. The registration statement (File No. 333-249524) was initially filed on October 16, 2020, and declared effective on November 12, 2020, with a pricing prospectus filed under Form 424B4 on the IPO date. The offering consisted of units, each comprising one share of Class A common stock with a par value of $0.0001 and one-fourth of one redeemable warrant, with each whole warrant exercisable at $11.50 per share. The base registration covered a proposed maximum aggregate offering price of $287,500,000, and a Rule 462(b) S-1MEF filed on November 12, 2020 registered an additional 2,875,000 units (including 375,000 units subject to the underwriters' over-allotment option) at $10.00 per unit, representing up to $28,750,000 in additional securities.
The company was led by Chief Executive Officer and Director Niccolo de Masi and Chairman Harry L. You, who together constituted the SPAC's senior management and signing officers on its registration filings. The S-1MEF filing listed the registrant's primary Standard Industrial Classification Code as 6770 (blank check) at the time of the offering, consistent with its self-described blank-check status in the pricing prospectus. Counsel to the registrant included White & Case LLP and Ropes & Gray LLP, and WithumSmith+Brown, PC served as the company's independent registered public accounting firm.
The SPAC completed a business combination with IonQ, Inc., an American quantum computing hardware and software company headquartered in College Park, Maryland, that develops general-purpose trapped-ion quantum computers. IonQ, co-founded in 2015 by University of Maryland professor Christopher Monroe and Duke University professor Jungsang Kim, had previously raised approximately $77 million in private funding from investors including Samsung Electronics, Mubadala Capital, GV, Amazon, and New Enterprise Associates. Following the merger, the combined entity began trading on the NYSE under the ticker IONQ, with Niccolo de Masi serving as Chairman and CEO of the successor company. The SPAC's lifecycle concluded on October 4, 2021, when Form 25 (File No. 0000876661-21-001444) was filed under 17 CFR 240.12d2-2(a)(3), evidencing that the DMYI securities had come to represent the successor entity's securities, and the registrant's SIC classification was subsequently reassigned to 7373 (Services—Computer Integrated Systems Design), reflecting the end of its blank-check status.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Warrant liabilities of $3.05 billion are 45% of total assets and 91% of total liabilities on warrants struck at $11.50 — this SPAC-era instrument is now the largest single item on the balance sheet, and its quarterly remeasurement of $1.65 billion is five times the operating loss. The quarterly net loss exceeds the six-month net loss for the same reason, so neither figure describes the operating business, which lost $337.2 million on $80.1 million of revenue.
This registers resale of shares already outstanding by existing holders; the company issues nothing and receives no proceeds from the covered sales.
The quarter carries a $1.87 billion net loss against $80.1 million of revenue — a figure roughly 23 times revenue that the release does not attribute to any single item in the text captured here — while the non-GAAP loss is $(120.3) million. The raised guidance explicitly excludes SkyWater, so it is not a like-for-like measure of the enlarged company.
Closes the transaction announced in January: SkyWater is now inside IonQ. The report is filed under Item 8.01 rather than Item 2.01, states no consideration, share count or closing balance, and refers all detail to the press release, so this document records that the deal closed and nothing about its terms.
Removes the regulatory condition but not the deal risk: the report states the approval is itself subject to certain conditions and that the other closing conditions still have to be satisfied, and it names none of them. It gives no closing date. The Mergers were reported completed three days later, on July 31, 2026.
The collar is the term that decides what a SkyWater holder actually receives, and it works in one direction only for each end: between $37.99 and $60.13 the share leg is worth exactly $20.00 and the holder is insulated from IonQ's price, but outside that band the SHARE COUNT is frozen and the value floats — above $60.13 the fixed 0.3326 shares are worth more than $20.00, and below $37.99 the fixed 0.5265 shares are worth less. The $15.00 cash leg is unaffected either way, so it is the only part of the consideration a holder can size today.
Show 6 more material filings
This is the baseline version, and the full economic terms are already fixed in it: $15.00 cash, a $20.00 target for the stock leg, and a collar that freezes the share count at 0.3326 above an IonQ price of $60.13 and at 0.5265 at or below $37.99. What is NOT stated is the implied value or the premium — both are blanks, so no premium figure should be attributed to this filing. January 23, 2026 is identified as the last trading day before announcement, which is the reference date any premium would be measured against.
Four amendments in, the registered ceiling has not moved: 152,268,021 shares issuable as consideration to IonQ, which is the whole measure of dilution for a dMY holder who does not redeem. The $1,212.93 is a Rule 457(f)(2) artefact — IonQ is private, no market exists for its securities and it has an accumulated deficit, so the price is one-third of the aggregate par value of the IonQ securities expected to be exchanged — and it carries no information about what the target is worth.
Three amendments in, the registered ceiling has never moved: 152,268,021 shares remains the maximum issuable to IonQ and therefore the measure of dilution for a dMY holder who does not redeem. The $1,212.93 is a Rule 457(f)(2) artefact — IonQ is private, no market exists for its securities and it has an accumulated deficit, so the offering price is one-third of the aggregate par value of the IonQ securities expected to be exchanged. The document remains subject to completion or amendment.
The $1,212.93 is a Rule 457(f)(2) artefact rather than a price: IonQ is private, no market exists for its securities and it has an accumulated deficit, so the proposed maximum aggregate offering price is one-third of the aggregate par value of the IonQ securities expected to be exchanged. The number that matters is 152,268,021 — the estimated maximum shares of Class A Stock issuable to IonQ, and therefore the ceiling on dilution for a dMY holder who does not redeem. It has not moved since the original filing.
Nothing in the fee table has moved: 152,268,021 shares remains the ceiling on dilution for a dMY holder who does not redeem. The $1,212.93 is a Rule 457(f)(2) artefact — IonQ is private, no market exists for its securities and it has an accumulated deficit, so the proposed maximum aggregate offering price is one-third of the aggregate par value of the IonQ securities expected to be exchanged. The proxy statement/prospectus remains preliminary and subject to completion at this amendment.
The $1,212.93 is a Rule 457(f)(2) artefact rather than a price: IonQ is private, no market exists for its securities and it has an accumulated deficit, so the proposed maximum aggregate offering price is one-third of the aggregate par value of the IonQ securities expected to be exchanged. The number that matters is 152,268,021 — the estimated maximum shares of Class A Stock issuable to IonQ, which is the ceiling on dilution for a dMY holder who does not redeem. No meeting date is fixed at this version.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: The filing reports two distinct events: (1) On August 24, 2026, IonQ’s Board elected Eric R. Ball as a Class II director (term expiring at the 2029 Annual Meeting) and Timothy E. Baxter as a Class III director (term expiring at the 2027 Annual Meeting), adding two seats to the Board; and (2) The outstanding public warrants of IonQ, exercisable for one share of common stock at an exercise price of $11.50 per share, will expire on September 30, 2026, with trading ceasing on the NYSE before market open on September 29, 2026. Why it matters: Investors tracking governance changes must note the addition of two new directors with specified term expirations in 2027 and 2029. Investors tracking capital structure or redemption/exercise deadlines must note the imminent expiration of all public warrants on September 30, 2026, which removes the dilution potential associated with those warrants after that date.
Show the other 10 filings
What changed: The 10-Q filed under Commission file number 001-39694 is that of IonQ, Inc. (NYSE: IONQ, warrants at $11.50) for the quarter ended June 30, 2026, with 381,002,314 shares outstanding as of July 29, 2026. Revenue was $80,050 thousand for the quarter against $20,694 thousand a year earlier and $144,718 thousand for the six months against $28,260 thousand, while total operating costs rose to $417,293 thousand from $181,286 thousand, giving a loss from operations of $337,243 thousand. Why it matters: Warrant liabilities of $3.05 billion are 45% of total assets and 91% of total liabilities on warrants struck at $11.50 — this SPAC-era instrument is now the largest single item on the balance sheet, and its quarterly remeasurement of $1.65 billion is five times the operating loss. The quarterly net loss exceeds the six-month net loss for the same reason, so neither figure describes the operating business, which lost $337.2 million on $80.1 million of revenue.
What changed: Item 3.02 8-K of IonQ, Inc. (NYSE: IONQ). On August 7, 2026 the company filed a prospectus supplement to the prospectus in its Form S-3ASR shelf registration statement (File No. 333-285279, filed February 26, 2025), covering the resale by certain selling stockholders of an aggregate of 1,958,951 shares of common stock. A Paul, Weiss legality opinion is filed as Exhibit 5.1 and incorporated into the registration statement. Why it matters: This registers resale of shares already outstanding by existing holders; the company issues nothing and receives no proceeds from the covered sales.
What changed: Exhibit 99.1 to an 8-K of IonQ (NYSE: IONQ): the August 5, 2026 press release reporting Q2 2026 results. Revenue was a record $80.1 million, up 287% year over year and 20% above the midpoint of prior guidance, with approximately 50% international, 60% commercial and 25% multi-product. Net loss was $(1,867.7) million and GAAP EPS $(5.08); Adjusted EBITDA loss was $(120.3) million and Adjusted EPS $(0.33), and the company states Adjusted EBITDA loss would have been $(95.6) million excluding spend under its commercial relationship with SkyWater. Why it matters: The quarter carries a $1.87 billion net loss against $80.1 million of revenue — a figure roughly 23 times revenue that the release does not attribute to any single item in the text captured here — while the non-GAAP loss is $(120.3) million. The raised guidance explicitly excludes SkyWater, so it is not a like-for-like measure of the enlarged company.
What changed: 8-K of IonQ, Inc. Item 8.01 (other events): the Mergers under the January 25, 2026 Agreement and Plan of Merger with SkyWater Technology, Inc. have been completed. Merger Sub 1 merged into SkyWater, which survived as a wholly owned subsidiary, and immediately after that SkyWater merged into Merger Sub 2, which survived as a wholly owned subsidiary of IonQ. On July 31, 2026 the Company issued a press release announcing completion, attached as Exhibit 99.1. Signed by Chief Legal Officer and Corporate Secretary Paul T. Dacier. Why it matters: Closes the transaction announced in January: SkyWater is now inside IonQ. The report is filed under Item 8.01 rather than Item 2.01, states no consideration, share count or closing balance, and refers all detail to the press release, so this document records that the deal closed and nothing about its terms.
What changed: 8-K of IonQ, Inc. Item 8.01 (other events): on July 28, 2026 the Company announced that it had received final regulatory approval to consummate the Mergers contemplated by the January 25, 2026 Agreement and Plan of Merger with SkyWater Technology, Inc. and two merger subsidiaries, subject to certain conditions and to satisfaction of the other closing conditions in the Merger Agreement. The press release is Exhibit 99.1. Signed by Chief Legal Officer and Corporate Secretary Paul T. Dacier. Why it matters: Removes the regulatory condition but not the deal risk: the report states the approval is itself subject to certain conditions and that the other closing conditions still have to be satisfied, and it names none of them. It gives no closing date. The Mergers were reported completed three days later, on July 31, 2026.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001193125-26-134933
Trading & liquidity
Company profile
Directors & officers
- Ball Eric R.Director
- TOLEDANO GABRIELLE BDirector
- FRANKOLA JIMDirector
- Chou Kathryn K.Director
- Raymond John wDirector
- TEUBER WILLIAM J JRDirector
- Singh Inder MCFO & COO
- Scannell William FDirector
- Baxter Timothy EDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
9 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- dMY Sponsor III, LLCwith 1 other reporting person on the same schedule19.8% · SC 13GFeb 16, 2021 stale
- New Enterprise Associates 15, L.P.with 7 other reporting persons on the same schedule13.3% · SC 13D/AJun 6, 2022 stale
- VANGUARD GROUP INCwith 1 other reporting person on the same schedule9.9% · SC 13G/ANov 12, 2024 stale
- BlueCrest Capital Management Ltdwith 1 other reporting person on the same schedule6.3% · SC 13GNov 23, 2020 stale
- BlackRock Inc.6.0% · SC 13GJan 29, 2024 stale
- GV 2016, L.P.with 6 other reporting persons on the same schedule2.3% · SC 13G/AApr 22, 2022 stale
- Linden Capital L.P.with 2 other reporting persons on the same schedule0.2% · SC 13G/AJan 28, 2022 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 6 other reporting persons on the same schedule0.1% · SC 13G/AFeb 14, 2022 stale
- Polar Asset Management Partners Inc.0.0% · SC 13G/AFeb 8, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- IonQ Secures $55 Million in Funding to Bring Quantum - GlobeNewswire
GlobeNewswireOct 22, 2019
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
34 full SEC filing texts archived — searchable, never lost.
- Vault note — DMYI (dMY Technology Group, Inc. III)
vault-note · /vault/tickers/DMYI
- Vault deal note — IonQ, Inc. (DMYI)
vault-note · /vault/deals/ionq-inc
- IonQ Secures $55 Million in Funding to Bring Quantum
news · globenewswire.com
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
- IonQ - Wikipedia
news · en.wikipedia.org
- IonQ: Trapped Ion Quantum Computing Company
company-site · ionq.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail5 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7373 (Services-Computer Integrated Systems Design). The screen found it by filing SHAPE instead — S-1 2020-10-16 → 8-A12B 2020-11-10 → 424B4 2020-11-16 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7373 + self-described blank check in 424B4 0001193125-20-294948; 424B 0001193125-20-294948 priced 2020-11-16 under S-1 0001193125-20-271165 (file 333-249524, an offering for cash); common ticker DMYI off 10-K 0001193125-21-094052 (2021-03-25); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-249524, which belongs to S-1 0001193125-20-271165 (2020-10-16) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-11-16). Ending PROVEN, not inferred: CLOSED per Form 25 0000876661-21-001444 (2021-10-04) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
name "IonQ, Inc." -> "dMY Technology Group, Inc. III". The stored name was the entity that SURVIVED the combination: EDGAR renames a registrant in place when the merger sub survives, so submissions.json answers with the survivor's name while the vehicle's own sits in formerNames, and a bulk ingest reads the former. The name written here is COMPANY CONFORMED NAME in the SEC header of this registrant's OWN pricing prospectus — 424B4 acc 0001193125-20-294948, filed 2020-11-16, the same date as this row's ipoDate — and it agrees with EDGAR's separate rename record. Nothing else on the row was touched.
the stored paragraph opened with a different company as the blank-check vehicle (a rename left the prose behind); overview.gen rewrites it from the corrected name. POSTMORTEMS §98
[CLOSED-RENAME] EDGAR CIK 0001824920 records "dMY Technology Group, Inc. III" ending 2021-10-04; the registrant continues as "IonQ, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-10-04. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=350, terminationFeeM=51.57395807 from primary filings (0001193125-21-098621, 0001193125-26-117933).
pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow