As of September 30, 2021, dMY Technology Group, Inc. III was acquired by IonQ, Inc., in a reverse merger transaction. dMY Technology Group, Inc. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete its initial business combination with a company within the mobile app ecosystem. The company was incorporated in 2020 and is based in Las Vegas, Nevada.
IPO Year: 2020
Exchange: NYSE
Website: dmytechnology.com
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 |
Demonstrates Path for Continued Quantum Industry Leadership IonQ, Inc. ("IonQ" or the "Company"), a leader in quantum computing, today provides an update on significant progress in its technological and commercialization efforts since the announcement of its transaction with dMY Technology Group Inc. III (NYSE:DMYI) in March. Over the past six months, IonQ has demonstrated technology that is expected to allow the Company to significantly scale the power of its quantum computers, has expanded its footprint to all major cloud providers and major quantum developer languages, has launched major commercial partnerships with partners like Accenture, Softbank and the University of Maryland, and
Benchmark initiated coverage of dMY Tech Group with a rating of Buy and set a new price target of $18.00
The Benchmark Company initiated coverage of dMY Technology Group, Inc. III with a rating of Buy and set a new price target of $18.00
Craig Hallum initiated coverage of dMY Technology Group, Inc. III with a rating of Buy and set a new price target of $20.00
4 - IonQ, Inc. (0001824920) (Issuer)
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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
IonQ Expected to Begin Trading under the symbol NYSE: IONQ on October 1, 2021. Fully committed PIPE with participation from Fidelity Management & Research Company LLC, Silver Lake, Breakthrough Energy Ventures, MSD Partners, L.P., Hyundai Motor Company and Kia Corporation, and key institutional investors. Business combination with IonQ is expected to be approved by dMY III stockholders. dMY Technology Group III (the "Company" or "dMY III") (NYSE:DMYI) 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 12:0
Partnership to help private industry and government evaluate risk across finance, climate, geopolitics and other complex systems Results stand to demonstrate near-term commercial impact for quantum computing IonQ, Inc. ("IonQ"), a leader in quantum computing, today announced an initiative in partnership with GE Research to explore the impact of quantum computing and IonQ's quantum computers in the pivotal field of risk analysis. The initiative is expected to lay the groundwork for risk management across key sectors including finance, government and others. "Globally, we're grappling with incredibly complex systems that impact financial markets, supply chains, and daily business operat
New paper describes how quantum machine learning algorithms have exponential advantage over classical counterparts in financial analysis Algorithm leverages copulas--a common data analysis technique--to better describe the complex relationships between several variables, such as stock prices Algorithm has been demonstrated on IonQ's latest quantum computer and outperformed equivalent algorithm based on classical machine learning Quantum algorithms can be applied to statistical problems in several industries, expanding the near-term opportunity for quantum computing IonQ, Inc. ("IonQ"), a leader in quantum computing, today announced the release of a new paper in collaboration with F
Demonstrates Path for Continued Quantum Industry Leadership IonQ, Inc. ("IonQ" or the "Company"), a leader in quantum computing, today provides an update on significant progress in its technological and commercialization efforts since the announcement of its transaction with dMY Technology Group Inc. III (NYSE:DMYI) in March. Over the past six months, IonQ has demonstrated technology that is expected to allow the Company to significantly scale the power of its quantum computers, has expanded its footprint to all major cloud providers and major quantum developer languages, has launched major commercial partnerships with partners like Accenture, Softbank and the University of Maryland, and
New paper benchmarks quantum algorithms on IonQ's new quantum computer, demonstrating the viability of the approach and providing a roadmap to commercial usage Use of quantum computers in Monte Carlo simulations has relevance in many areas of finance, science, and engineering The high performance of IonQ's quantum hardware was critical for this demonstration and the experiment ran on IonQ's proprietary Evaporated Glass Trap technology Goldman Sachs, QC Ware and IonQ, Inc. ("IonQ") today announced a significant step forward in the real-world application of quantum computing for the financial services industry. Specifically, a new research paper shows how IonQ's quantum computers are
After a successful first cohort, IonQ Research Credits Program announces second class, with applications due November 16, 2021. Program focuses on projects accelerating innovation in quantum computing applications. Accepted applicants get access to IonQ's industry leading hardware, free of charge. Current projects span topics from protein folding dynamics to error correction to benchmarking. IonQ, Inc. ("IonQ"), a leading developer of quantum computing devices, today announced the launch of the second cohort of the IonQ Research Credits Program to provide teams and individuals from qualified academic institutions with free credits to build novel quantum algorithms on IonQ's cutting
Multi-year, strategic relationship to help enterprises explore how quantum computing will transform their businesses and industries Accenture (NYSE:ACN) and IonQ are collaborating to accelerate quantum computing business experimentation in organizations globally and across industries. Accenture's experience and skills in quantum, coupled with its ability to design and create customized industry solutions tailored to IonQ's quantum computing technology, will help more companies innovate and become quantum ready. The exploration of quantum in business is growing rapidly, driven by the anticipated business value and competitive advantage it promises to deliver. Quantum computing's vast poten
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