SEC Comment Letter 0000000000-23-003116 to dMY Technology Group, Inc. VI (CIK 0001858327)
dMY Technology Group, Inc. VI (CIK 0001858327)
Date: March 28, 2023 · CIK: 0001858327 · Accession: 0000000000-23-003116
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United States securities and exchange commission logo
March 28, 2023
Harry You
Chairman
dMY Technology Group, Inc. VI
1180 North Town Center Drive, Suite 100
Las Vegas, Nevada 89144
Re:dMY Technology Group, Inc. VI
Amendment No. 5 to Schedule TO
Filed March 24, 2023
File No. 005-92918
Dear Harry You:
We have reviewed your filing and have the following comments. In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
March 20, 2023 letter.
Amendment No. 5 to Schedule TO Filed March 24, 2023
Risk Factors
We may be unable to obtain additional financing..., page 30
1.We note your disclosure on page 80 that if dMY VI does not obtain sufficient proceeds
from one or more PIPE Investments, it may result in dMY VI having insufficient cash in
the Trust Account to meet the requirements of the Business Combination and could
impact the successful operation of Rainwater Tech following the closing. Please revise
your risk factor disclosures on page 30 of the Second Amended and Restated Offer to
Purchase to clarify whether additional funds will be needed to finance the merger if more
than 22,326,253 shareholders submit redemption requests and the impact if such funds are
not obtained. Also, clarify what additional financing beyond the current Subscription
Agreements are necessary for Rainwater Tech to continue operations without disruption
FirstName LastNameHarry You
Comapany NamedMY Technology Group, Inc. VI
March 28, 2023 Page 2
FirstName LastName
Harry You
dMY Technology Group, Inc. VI
March 28, 2023
Page 2
and when such financing would be necessary.
General
2.We note that the company has restated its financial statements and has incorporated by
reference such financial statements in the company’s amended Form 10-K. Please revise
the Tender Offer Statement to highlight for investors the fact that the company restated its
financial statements and to clarify the reasons for such restatement. For example, please
revise your introductory paragraph to address the restatement. Also revise the “Selected
Historical Financial Information of dMY VI” to clarify that the financial information for
the year ended December 31, 2022 has been restated.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Chen Chen, Staff Accountant, at 202-551-7351, or Kathleen Collins,
Accounting Branch Chief, at 202-551-3499, if you have questions regarding comments on the
financial statements and related matters. Please contact David Plattner, Special Counsel, at 202-
551-8094, with questions regarding tender offer rules and schedules. Please contact Alexandra
Barone, Staff Attorney, at 202-551-8816, or Larry Spirgel, Office Chief, at 202-551- 3815, with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc: Adam Brenneman