Item 8.01. Other Events.
On January 12, 2021, dMY Sponsor II, LLC, dMY Technology Group, Inc. II
(collectively "dMY II") and dMY Sponsor III, LLC, dMY Technology Group Inc. III
(collectively "dMY III") accepted service of a lawsuit where they are named as
Counterclaim Defendants in an underlying action by and between GTY Technology
Holdings, Inc. ("GTY"), dMY Technology Holdings Inc. and dMY Sponsor, LLC
(collectively "dMY I") and Carter Glatt ("Glatt") and Captains Neck Holdings LLC
("Captains Neck"). See dMY Sponsor, LLC et al. v. Carter Glatt et al., Index
No. 653903/2020 (Sup. Ct. N.Y. County 2020) (the "Underlying Lawsuit").
The Underlying Lawsuit seeks a declaratory judgment that Glatt and Captains Neck
are not entitled to Class Y Units of dMY Sponsor LLC and contains claims arising
from Glatt's termination of employment from GTY on or about April 3, 2020
including theft and misappropriation of confidential GTY information, breach of
contract, breach of the duties of loyalty and fiduciary duty and conversion.
Glatt has, among other things, responded to the Underlying Lawsuit by adding
Harry L. You, Niccolo de Masi, dMY II and dMY III as Counterclaim Defendants and
adding Dune Acquisition Holdings LLC, a newly formed special purpose acquisition
company (NASDAQ trading symbol DUNEU) as a Counterclaimant and asserting claims
for breach of contract, fraudulent misrepresentation, negligent
misrepresentation, tortious interference with business relations, quantum meruit
and unjust enrichment.
dMY II and dMY III have never employed Glatt and have no business agreements
with him.
dMY II and dMY III deny the claims against them and intend to vigorously defend
themselves.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking
statements," including with respect to the intentions of dMY II and dMY III with
respect to Glatt's claims. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of dMY II and dMY III,
including those set forth in the corresponding Risk Factors section of the
respective registration statements for each of dMY II and dMY III for the
initial public offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. dMY II and dMY III undertake no obligation to update these
statements for revisions or changes after the date of this release, except as
required by law.
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