Failure to Complete Business Combination: If dMY Squared Technology Group, Inc. is unable to identify and complete a qualifying business combination within the required timeframe, it will be forced to liquidate, returning funds to public shareholders, which may result in a loss of opportunity and potential transaction costs.

Liquidation and Loss of Investment Opportunity: Should the company fail to consummate a business combination, public stockholders will only receive their pro rata portion of the funds held in the trust account, without interest, which may be less than their initial investment, and they will forgo any potential appreciation in value.

Dilution from Future Equity Issuances: Upon completion of a business combination, shareholders may experience significant dilution due to the issuance of new shares to the target company's owners, private investment in public equity (PIPE) investors, and the exercise of warrants.