Benchmark initiated coverage on dMY Tech Group with a new price target
$DMYI
Benchmark initiated coverage of dMY Tech Group with a rating of Buy and set a new price target of $18.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/8/2021 | $18.00 | Buy | Benchmark |
| 7/8/2021 | $18.00 | Buy | The Benchmark Company |
| 6/30/2021 | $20.00 | Buy | Craig Hallum |
IonQ ushers in the era of quantum computing, lists on public market to begin trading on NYSE under ticker "IONQ" today, October 1, 2021 IonQ received gross proceeds of $636 million from transaction to fund growth and accelerate the commercialization of industry-leading quantum computers IonQ, Inc. ("IonQ" or the "Company") (NYSE:IONQ), a leader in quantum computing, completed its previously announced business combination with dMY Technology Group, Inc. III ("dMY") (NYSE:DMYI), a publicly traded special purpose acquisition company, on September 30, 2021. Starting this morning, the common stock and warrants of the combined company, IonQ Inc., will be listed on the New York Stock Exchange
IonQ, Inc. ("IonQ"), a leader in quantum computing, today announced the closing of its previously announced business combination with dMY Technology Group, Inc. III ("dMY III") (NYSE:DMYI), a publicly traded special acquisition company. As a result of the business combination, IonQ will receive gross proceeds of $636 million, which may be used to fund future growth and accelerate the commercialization of its industry-leading quantum computers. dMY III shareholders approved the transaction at dMY III's stockholders meeting held on September 28, 2021. The combined company will begin trading on the New York Stock Exchange at market open tomorrow, October 1, 2021, under the ticker symbol "IONQ
Transaction Expected to Close on September 30, 2021 Gross Proceeds of $634 Million Sets Combined Company to Accelerate Growth 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 appro