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Transaction Expected to Close on September 30, 2021
Gross Proceeds of $634 Million Sets Combined Company to Accelerate Growth
LAS VEGAS--(BUSINESS WIRE)-- dMY Technology Group III (the “Company” or “dMY III”) (NYSE:DMYI) announced today that its stockholders have approved all proposals related to the previously announced business combination (the “Business Combination”) with IonQ, a leader in quantum computing, at a special meeting of its stockholders held today, September 28, 2021. Approximately 97% of the votes cast at the meeting on the Business Combination proposal, representing approximately 62% of dMY III’s outstanding shares, voted to approve the business combination. dMY III received elections to redeem approximately 2.5% of total shares outstanding.
The closing of the Business Combination is anticipated to occur on or about September 30. Following the closing, the combined company will operate as IonQ, Inc. and its shares of common stock and publicly listed warrants are expected to trade on The New York Stock Exchange beginning on October 1, 2021 under the symbols “IONQ”, and “IONQ.WS” respectively.
IonQ is a leader in quantum computing, utilizing a trapped-ion approach to create the world’s most powerful quantum computers. IonQ employs some of the world’s foremost talent in quantum, including their Co-Founders, Dr. Jungsang Kim and Dr. Chris Monroe, who have both been named to the National Quantum Initiative Advisory Committee to the White House and have been trailblazers in the world of quantum computing for decades. IonQ is dedicated to making quantum computing not just the technology of the future, but increasingly, the cutting-edge technology of today.
“IonQ is bringing quantum computing to its Fortune 500 clients, and we believe will positively impact many key areas of valuable applied science in the coming decade,” said Niccolo de Masi, CEO of dMY III. “It has been a privilege to get to know the team at IonQ and we are proud to support this next leg of their journey as a public company, where they will be capitalized to continue leading the industry they have pioneered for over two decades.”
“We are thrilled to have a team like the one at dMY III to partner with, and especially one who believes so deeply in the mission of IonQ,” said Peter Chapman, CEO and President of IonQ. “The partnership between the dMY III team has combined world-class capital markets and quantum computing leadership experience and we look forward to welcoming both of dMY’s principals - Harry You and Niccolo de Masi - onto the board.”
Posted In: DMYI
