DMY TECHNOLOGY GROUP, INC. VI dMY Technology Group, Inc. VI (NYSE:DMYS) announces a share repurchase program. Under the program, the company will repurchase up to 24,150,000 shares at a purchase price of $10.23 per share. The Company intends to fund the purchase of Common Stock with cash available to the Company from the Trust Account.
The Tender Offer is being made pursuant to the Company's organizational documents, which require that in connection with the Business Combination, the Company provides its shareholders with the opportunity to tender their shares of Common Stock for a pro rata portion of the Company's trust account. Th purchase price equal to the quotient obtained by dividing: (i) the aggregate amount on deposit in the Trust Account initially established to hold the proceeds of the initial public offering of dMY VI as of two business days prior to the consummation of the initial Business, including interest not previously released to dMY VI to pay its taxes, by (ii) the total number of then outstanding shares of Common Stock. The repurchase program will be valid till February 24, 2023.
