Based on the provided financial report articles, I generated the title for the article: "Quarterly Report (10-Q) for the period ended March 31, 2025, of [Company Name] (CIK: 0001915380)

Press release · 05/15 22:56

The report presents the financial statements of the company for the first quarter of 2025, with a focus on key financial figures, main events, and significant developments. The company reported a net loss of $[amount] for the quarter, with total assets of $[amount] and total liabilities of $[amount]. The company’s common stock and redeemable warrants were issued in connection with its initial public offering (IPO) and private placements, with the IPO raising $[amount] and the private placements raising $[amount]. The company also reported additional paid-in capital of $[amount] and retained earnings of $[amount] as of March 31, 2025. The report also highlights the company’s significant transactions, including the issuance of private placement warrants and the extension of loans to the company’s sponsor.

Overview

dMY Squared Technology Group, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As of March 31, 2025, the company had not commenced any operations, with all activity related to its formation and initial public offering (IPO).

Key Points:

The company completed its IPO in October 2022, raising $60 million in gross proceeds by selling 6 million units at $10 per unit. An additional $3.2 million was raised through a partial exercise of the underwriter’s over-allotment option.
Simultaneously with the IPO, the company sold 2.84 million private placement warrants to its sponsor for $2.8 million and received $947,850 in overfunding loans from the sponsor.
The net proceeds from the IPO and related transactions were placed in a trust account to be used for a future business combination.
The company has until May 29, 2025 to complete an initial business combination, with the ability to extend this deadline through additional loans from the sponsor.
In February 2025, the company entered into a non-binding letter of intent to combine with Horizon Quantum Computing Pte. Ltd., a developer of quantum computing software tools.
As of March 31, 2025, the company had a working capital deficit of $3.3 million and substantial doubt about its ability to continue as a going concern if it is unable to complete a business combination.

Financial Performance:

Metric	Q1 2025	Q1 2024
Net Loss	$(4.6) million	$(0.2) million
General & Administrative Expenses	$0.5 million	$0.4 million
Interest Income	$0.3 million	$0.3 million
Change in Fair Value of Warrants	$(4.3) million	-

The company’s net loss in Q1 2025 was primarily driven by a $4.3 million loss from the change in fair value of its derivative warrant liabilities. Operating expenses have remained relatively stable, with the company incurring increased costs as a public company.

Outlook and Risks

The company’s ability to continue as a going concern is dependent on its successful completion of a business combination before the May 2025 deadline. Failure to do so would require the company to liquidate and return funds to shareholders.

Broader macroeconomic and geopolitical risks, such as inflation, trade policy changes, and global conflicts, could also negatively impact the company’s search for a suitable business combination target. The company will need to navigate these challenges to successfully execute its business plan.