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Rain Enhancement Technologies, Inc. ("Rainwater Tech"), a leader in the development of rainfall generation technology, today announced the appointment of Doug Ireland as Chief Financial Officer (CFO), effective March 6, 2023. Mr. Ireland will lead the finance team and report directly to Mike Nefkens, CEO of Rainwater Tech. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230307005437/en/ "Doug is a highly accomplished finance leader with a proven track record, having scaled teams, systems, and processes from first hire to established operations across a variety of technology companies," said Mike Nefkens, CEO of Rainwater Tech. "Hi
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dMY Technology Group, Inc. VI (NYSE:DMYS) ("dMY VI" or the "Company"), a special purpose acquisition company, announced yesterday, April 5, 2023, that the Company intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation, dated as of October 5, 2021, and the Investment Management Trust Agreement, between dMY VI and Continental Stock Transfer & Trust Company ("CST" or the "Trustee"), dated as of October 5, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230406005775/en/ The Company had previously launched a tender offer pursuant to certain terms and condition
dMY Technology Group, Inc. VI (NYSE:DMYS) ("dMY VI" or the "Company"), a special purpose acquisition company, announced today that the independent and disinterested Directors made a reasonable determination, based on the current facts and circumstances, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies, Inc. ("Rainwater Tech"). Accordingly, the Company intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation, dated as of October 5, 2021, and the Investment Management Trust Agreement, between dMY VI and Continental Stock Transfer & Trust Company ("
dMY Technology Group, Inc. VI (NYSE:DMYS) (the "Company" or "dMY VI") today announced its intention to transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Stock Market ("Nasdaq"), effective upon the completion of its previously announced business combination with Rain Enhancement Technologies, Inc. ("Rainwater Tech"), a leader in the development of rainfall generation technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230323005694/en/ Upon the consummation of the business combination, Rainwater Tech will be a wholly owned subsidiary of dMY VI, and dMY VI will change its name to "Rain Enhance
dMY Technology Group, Inc. VI (NYSE:DMYS) ("dMY VI" or the "Company"), a special purpose acquisition company, announced today that the independent and disinterested Directors made a reasonable determination, based on the current facts and circumstances, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies, Inc. ("Rainwater Tech"). Accordingly, the Company intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation, dated as of October 5, 2021, and the Investment Management Trust Agreement, between dMY VI and Continental Stock Transfer & Trust Company ("C
The Securities and Exchange Commission (SEC) on Thursday brought insider trading charges against two individuals for allegedly using non-public information to profit from at least seven merger announcements involving special purpose acquisition companies (SPACs). What Happened: Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, earned illicit profits of over $3.4 million through illegal trading activities, according to the complaint filed by the SEC. Wygovsky allegedly learned material non-public information about upcoming SPAC mergers through his employer’s involvement in financing transactions related t
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Rain Enhancement Technologies, Inc. ("Rainwater Tech") has entered into a business combination with dMY Technology Group, Inc. VI ("dMY VI"); once the business combination is completed, dMY VI is changing its ticker symbol on the New York Stock Exchange to the ticker symbol "RANY." Rainwater Tech's vision is to develop, invent, improve, manufacture, commercialize and operate technologies that enhance rainfall and elevate water reserves in the areas where it is needed most. Rainfall generation technology can address global issues including sustainable energy, food and water security, and climate change. Team includes world class pioneering scientists, entrepreneurs and proven public c