dMY Technological innovation Team, Inc. VI Announces Extension of Expiration Date of Tender Supply | Company

LAS VEGAS–(Business enterprise WIRE)–Feb 22, 2023–

dMY Technology Group, Inc. VI (NYSE: DMYS) (the “Company” or “dMY VI”) now announced that it has prolonged the expiration date of its beforehand declared tender offer you (the “Tender Offer”) to purchase up to 24,150,000 of its shares of Course A typical stock, par benefit $.0001 for every share (the “Common Stock”), at a order selling price equivalent to the quotient obtained by dividing: (i) the aggregate total on deposit in the Believe in Account originally set up to hold the proceeds of the initial public presenting (“IPO”) of dMY VI (the “Trust Account”), as of two business days prior to the consummation of the first Small business Mix (as described herein), which includes interest not previously launched to dMY VI to pay back its taxes, by (ii) the overall variety of then superb shares of Typical Stock (the “Purchase Price”). The supply is staying manufactured in connection with the Company’s earlier announced business enterprise mix (the “Business Combination”) with Rain Improvement Systems, Inc. (“Rainwater Tech”), a Delaware firm. As amended, the Tender Offer you will now expire at 5:00 p.m. New York City time, on Friday, March 3, 2023, except more prolonged or previously terminated.

Continental Inventory Transfer & Have confidence in Organization, the depositary for the Tender Provide, has advised dMY VI that, as of 11:00 a.m., New York Town time, on Tuesday, February 21, 2023, an combination of 327,361 shares of Widespread Stock ended up properly tendered and not properly withdrawn. dMY VI shareholders who have now tendered their Widespread Inventory do not want to re-tender their shares or take any other action as a result of the extension of the expiration date of the Tender Give. dMY VI shareholders could withdraw shares they have beforehand tendered at any time prior to the extended expiration date of the Tender Supply.

Comprehensive conditions and circumstances of the Tender Offer you can be uncovered in the offer to purchase dated January 26, 2023 (the “Offer to Purchase”), the similar letter of transmittal (the “Letter of Transmittal”) and sure other materials contained in the Company’s tender present statement on Routine TO at first filed with the U.S. Securities and Trade Commission (“SEC”) on December 30, 2022, as additional amended and supplemented, and available at Other than as described in this information launch, the phrases of the Tender Present continue being the very same as set forth in the Provide to Purchase and in the linked Letter of Transmittal.

Copies of the Provide to Acquire, the linked Letter of Transmittal and other supplies associated to the Tender Present may well be received for cost-free from the info agent, Morrow Sodali LLC, at +1 (800) 662-5200. Banking companies and brokers might get in touch with the information agent at +1 (203) 658-9400.

About dMY Technological know-how Team, Inc. VI

dMY Technologies Team, Inc. VI is a blank test business integrated in Delaware on October 5, 2021, whose organization reason is to result a merger, capital stock trade, asset acquisition, stock invest in, reorganization or very similar small business combination with just one or more enterprises. Led by Chief Government Officer Niccolo de Masi and Chairman Harry You, dMY VI consummated the IPO on NYSE on Oct 5, 2021, increasing combination gross proceeds of $241,500,000.

Vital Lawful Info

The description contained herein is neither an offer you to buy nor a solicitation of an provide to market securities of the Business. The Company has filed a tender give statement on Timetable TO containing an offer to acquire, variety of letter of transmittal and other files relating to the Tender Offer (the “Securities Regulation Disclosure Documents”). These paperwork consist of crucial details about the Tender Supply that need to be browse meticulously and considered right before any final decision is created with respect to the Tender Offer you. These resources will be built accessible to the shareholders of the Corporation at no price to them. In addition, these kinds of materials (and all other documents filed by the Organization with SEC are, and will be, out there at no demand from the SEC via its web-site at Shareholders may possibly also get totally free copies of the paperwork submitted with the SEC by the Enterprise by directing a request to Morrow Sodali LLC, as Info Agent for the Tender Provide, by telephone at: +1 (800) 662-5200 (toll-cost-free, people), +1 (203) 658-9400 (banking institutions and brokers) or by email at: [email protected].

This press release incorporates “forward hunting statements.” Forward-looking statements incorporate, but are not restricted to, statements concerning our or our administration team’s expectations, hopes, beliefs, intentions or techniques regarding the long run. In addition, any statements that refer to projections, forecasts or other characterizations of foreseeable future occasions or situations, such as any underlying assumptions, are ahead-on the lookout statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and comparable expressions may perhaps identify forward-seeking statements, but the absence of these words and phrases does not necessarily mean that a assertion is not forward-on the lookout. These statements are not historical info but instead depict only the Company’s belief relating to potential results, quite a few of which, by their nature are inherently uncertain and outdoors of the Company’s management. True final results may well vary, quite possibly materially, from all those anticipated in these ahead seeking statements. The Firm undertakes no obligation to update these statements for revisions or changes soon after the date of this release, other than as needed by law.

The dangers and uncertainties contain, but are not restricted to: future operating or economic benefits improvements in domestic and international business enterprise, marketplace, money, political, and lawful conditions the lack of ability of the functions to properly or well timed consummate the proposed business enterprise combination, which includes the risk that any regulatory approvals are not obtained, are delayed or are topic to unanticipated ailments that could adversely impact the put together organization or the expected rewards of the proposed business mixture failure to recognize the predicted rewards of the proposed organization mix hazards linked to the efficiency of Rainwater Tech’s long run engineering or company and the timing of expected business enterprise or economic milestones the amount of money of redemption requests designed by dMY VI’s stockholders the skill of dMY VI or Rainwater Tech to concern fairness or fairness-joined securities or acquire credit card debt funding in link with the proposed company blend or in the long run if the proposed small business combination’s advantages do not meet the anticipations of investors or securities analysts, the market place price of dMY VI’s securities or, pursuing the closing, the merged entity’s securities, may possibly decrease predicted advantages of the business enterprise combination and next the consummation of the proposed business mixture, the put together corporation will incur substantial increased bills and administrative burdens as a general public firm, which could negatively impression its enterprise, monetary situation and effects of functions.

Extra challenges linked to dMY VI and Rainwater Tech involve, between other people:

• Rainwater Tech can provide no assurance of the efficiency and achievements of ionization rainfall generation technologies in expanding precipitation

• Rainwater Tech has no operating historical past or revenues, which helps make it tricky to forecast its potential final results of functions

• The execution of Rainwater Tech’s organization model, such as know-how or profitability of its merchandise and expert services, is not however proven

• The rain era business is in its early stages and is risky, and if it does not produce, if it develops slower than Rainwater Tech expects, if it develops in a fashion that does not require use of Rainwater Tech’s products and services, if it encounters unfavorable publicity or if Rainwater Tech’s option does not generate industrial engagement, the development of its small business will be harmed

• Rainwater Tech has not nonetheless established its means to build and put into practice new systems, as effectively as the capacity to get hold of and maintain intellectual property protections for this sort of technologies

• A substantial portion of Rainwater Tech’s technological know-how is derived from public-supply mental residence and as a final result Rainwater Tech may perhaps experience enhanced levels of competition

• Even if Rainwater Tech is successful in establishing rainfall generation systems/engineering and executing its method, other opponents in the industry may possibly realize technological breakthroughs which render Rainwater Tech’s know-how out of date or inferior to other goods

• If Rainwater Tech’s platform fails to provide a broad, established gain in rainfall technology, its enterprise, financial problem and long run prospective buyers may be harmed

• Rainwater Tech’s functioning and economical results depends upon assumptions and analyses designed by third-party trials. If these assumptions or analyses establish to be incorrect, Rainwater Tech’s genuine functioning outcomes might be materially diverse from its forecasted benefits

• Rainwater Tech’s estimates of marketplace opportunity and forecasts of profits era and market advancement, which includes estimates of marketplace possibility and the capability to meet the source and demand from customers demands of our consumers, may possibly confirm to be inaccurate, and even if the current market in which it operates achieves the forecasted growth, Rainwater Tech’s small business could are unsuccessful to increase at comparable charges, if at all

• Rainwater Tech may well be unable to successfully manufacture its items or scale up production of its solutions in ample quantity and good quality, in a timely or value-powerful manner, or at all. Unexpected troubles connected with scaling up and setting up rainfall generation devices at commercially viable levels could negatively effects Rainwater Tech’s economic ailment and benefits of operations

• Rainwater Tech could undergo disruptions, outages, problems and other functionality and high-quality challenges with its rainfall era devices or the infrastructure on which it relies

• Source chain concerns, which includes a lack of suitable supply or production ability for its systems, could have an adverse influence on its organization and working final results

• If Rainwater Tech cannot effectively execute on its method, which includes in response to transforming customer demands and new systems and other market place specifications, or achieve its goals in a well timed fashion, its enterprise, economical issue and outcomes of operations could be harmed

• Rainwater Tech’s failure to correctly establish and broaden its profits and internet marketing capabilities could damage its capacity to boost its purchaser foundation and reach broader marketplace acceptance of its rain generation technological innovation

• The hazard of 3rd functions asserting that Rainwater Tech is violating their intellectual property legal rights

• Dangers relating to the output and manufacturing of Rainwater Tech’s technological know-how, like offer chain concerns to get hold of needed materials, materials and spare areas to build and operate its platform

• Rainwater Tech ought to defeat considerable engineering, engineering, functions and climatological problems to provide consistent outcomes

• Rainwater Tech has not to date received statistically major effects, and faces dangers and uncertainties relating to its ability to get hold of statistically considerable benefits and repeat good results demonstrating its means to enrich rainfall

• Hazards relating to the impact of competing systems, which includes desalination and chemical-based mostly cloudseeding technological innovation, on Rainwater Tech’s enterprise

• Threats relating to environmental and climate conditions that are correlated with thriving rainfall era, as nicely as other ESG-connected matters

• Rainwater Tech may face legal responsibility for altering environmental and/or weather conditions circumstances, including troubles ensuing from abnormal rain

• Risks relating to the failures of Rainwater Tech’s prospects, both of those non-public and community, to fulfill payment obligations, such as refusal to shell out for rainfall era solutions that straight or indirectly profit other close by events

• Pitfalls of technique securities and knowledge protection breaches

• Rainwater Tech is highly dependent on its senior technical advisors, and its capability to capability to appeal to, recruit, and keep senior administration and other vital workers, as perfectly as locate skilled labor with the particular expertise essential to manufacture, work and advance the system, is essential to its results if Rainwater Tech is not able to retain gifted, extremely-certified senior administration and other key workers or catch the attention of them when essential, it could negatively impression its business

• Pitfalls about opportunity alterations in legislative and regulatory environments that may limit the scope of Rainwater Tech’s marketplace, together with land restriction policies and its capability to receive and sustain permits

• Rainwater Tech may well face political and social opposition to its enterprise and pursuits

• Subsequent the consummation of the Organization Blend, the mixed firm will incur major greater costs and administrative burdens as a community corporation, which could negatively impact its small business, fiscal situation and results of functions

• Rainwater Tech’s achievements could be impacted by the inability of the parties to properly or well timed consummate the proposed Enterprise Mixture, such as the hazard that any expected regulatory approvals are not received, are delayed, or are topic to unanticipated conditions that could adversely have an effect on the mixed corporation or the predicted benefits of the proposed Enterprise Mixture and

• If the Enterprise Combination’s gains do not satisfy the anticipations of traders or securities analysts, the market place price tag of dMY VI’s securities or, adhering to the closing, the put together entity’s securities, may well decline.

You ought to meticulously take into account the pitfalls and uncertainties that will be described in the Securities Legislation Disclosure Documents and any amendments thereto.

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Contact: Trader Relations/Media

[email protected]

[email protected]

Data Agent

Morrow Sodali LLC

333 Ludlow Avenue

5th Floor, South Tower

Stamford, CT 06902

Tel: +1 (800) 662-5200 (toll-absolutely free, individuals), +1 (203) 658-9400 (banks and brokers)

E-mail:[email protected]


Business Search term: OTHER Natural Resources UTILITIES Ecosystem SUSTAINABILITY Purely natural Resources Eco-friendly Engineering Electrical power

Supply: dMY Know-how Team, Inc.

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PUB: 02/22/2023 08:00 AM/DISC: 02/22/2023 08:01 AM