dMY Squared Technology Group, Inc. announced that it has issued an unsecured convertible promissory note to Harry L. You for the gross proceeds of $1,750,000 on January 2, 2024. The Note bears no interest and is repayable on the earlier of the date on which Maker consummates an initial business combination and the date of the liquidation of Maker. If the Company does not consummate a business combination by the Extended Date or Additional Extended Date, as applicable, and the Note is paid at liquidation of the Maker, the Note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven.

If the Company has consummated a business combination or announced its intention to wind up in lieu of an Additional Extension, any obligation to make Contributions will terminate. Upon maturity, the outstanding principal of the Note may be converted into warrants, at a price of $1.00 per warrant, at the option of the Payee. Such warrants will have terms identical to the warrants issued to the Sponsor in a private placement that closed simultaneously with the Company?s IPO.

The issuance of the Note was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.