Genius, a company known for its expertise in the finance industry, has recently made a significant announcement regarding its plan to merge with dMY II, a special-purpose acquisition company (SPAC). This strategic move is aimed at taking the company public on the renowned New York Stock Exchange (NYSE). The announcement of this transaction took place in October 2020, garnering great attention and anticipation within the finance sector.
The financial deal has been granted approval from the respective boards. However, before finalization, the consent of the dMY shareholders is yet to be obtained.
dMY II will become a subsidiary of Galileo, a Guernsey-incorporated business.
The financing for the deal involves $276 million from dMY’s trust account and contributions from a group of accredited and institutional investors.
