IonQ Expected to Go Public on October 1
(HPC.Wire) dMY Technology Group III (the “Company” or “dMY III”) announced today that its business combination (the “Business Combination”) with IonQ, a leader in quantum computing, is expected to be approved at the previously announced meeting of the Company’s stockholders on September 28, 2021, at 12:00 p.m. Eastern time, with stockholders representing more than 60% of the Company’s issued and outstanding shares having submitted proxies, of which shares representing more than 96% have indicated a vote in favor of the combination and the adoption of the related proposals. Upon the closing of the Business Combination (the “Closing”), IonQ expects to receive in excess of $600 million of gross proceeds, reflecting redemptions of Company units in the single-digit percentile by the Company’s stockholders prior to the redemption deadline, which occurred Friday, September 24th at 5:00 p.m. Eastern time.
“The era of quantum computing has arrived, and IonQ is leading the way with our revolutionary trapped ion technology,” said Peter Chapman, President and CEO of IonQ. “We are proud to have tripled our bookings expectations for 2021 and are further thrilled to have recently struck market-making collaborations with Goldman Sachs, Fidelity Center for Applied Technology, GE Research, and the University of Maryland. In addition, since March we have announced a host of partnerships across the leading cloud providers, making IonQ the only quantum computing company with cloud partnerships across each of Amazon, Google, and Microsoft and providing unmatched access to the top quantum programmers in the world. I want to thank the entire IonQ team for their tireless effort and look forward to continuing to pave the future of quantum computing.
Subject to a final stockholder vote and the satisfaction or waiver of the other customary closing conditions, dMY III anticipates closing the Business Combination on September 30, 2021. In connection with the Closing, the Company will change its name to IonQ, Inc., and the combined company’s shares of common stock and public warrants are expected to trade on the New York Stock Exchange beginning on October 1, 2021 under the ticker symbols “IONQ” and “IONQ.WS,” respectively.
About dMY Technology Group III.
dMY III. is a special purpose acquisition company founded by Niccolo de Masi and Harry You for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s next-generation quantum computer is the world’s most powerful trapped-ion quantum computer, and IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access.