<span item_type="fundamental" item_id="22bc2422ce4256c897467290613d2bfa" counter_id="ST/US/DMYY" env="prod"></span><span item_type="announcement" item_id="516472392285489793" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD -1.16.</p><p></p><h3>Segment Revenue</h3><ul><li>The company did not generate any operating revenues as of March 31, 2025, and will not generate any until after the completion of its initial Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended March 31, 2025, the company reported a net loss of - $4,556,231, compared to a net loss of - $168,454 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li><li><strong>General and Administrative Expenses</strong>: These expenses were $521,402 for the three months ended March 31, 2025, compared to $377,583 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li><li><strong>Loss from Operations</strong>: The company reported a loss from operations of - $521,402 for the three months ended March 31, 2025, compared to - $461,891 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the three months ended March 31, 2025, net cash used in operating activities was - $773,621, compared to - $59,968 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li><li><strong>Net Cash (Used in) Provided by Investing Activities</strong>: The company reported net cash used in investing activities of - $410,070 for the three months ended March 31, 2025, compared to $42,682,302 provided by investing activities for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li><li><strong>Net Cash Provided by (Used in) Financing Activities</strong>: Net cash provided by financing activities was $874,820 for the three months ended March 31, 2025, compared to - $41,996,207 used in financing activities for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Derivative Warrant Liabilities</strong>: The company reported a change in fair value of derivative warrant liabilities of - $4,291,360 for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company is focused on completing a Business Combination within the Combination Period, which has been extended to May 29, 2025. The company has entered into a non-binding letter of intent for a business combination with Horizon Quantum Computing Pte. Ltd., valuing Horizon at approximately $500 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has not commenced any operations and is primarily focused on the search for a prospective initial Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li></ul><h3>Priority</h3><ul><li>The company is prioritizing the completion of a Business Combination and has extended its liquidation date to May 29, 2025, drawing down from a Convertible Note to fund extensions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1915380/000182912625003713/dmysquaredtech_10q.htm"></span></li></ul>

dMY Squared Tech | 10-Q: FY2025 Q1 EPS: USD -1.16