dMY Technology Group, Inc. II announced that it has entered into an agreement for a private placement of 4,000,000 warrants at a price of $1.50 per warrant with dMY Sponsor II, LLC for gross proceeds of $6,000,000 on June 26, 2020. The company will grant an over-allotment option to purchase 400,000 warrants. Each warrant is exercisable to purchase one share of its Class A common stock at a price of $11.50 per warrant, in a private placement to occur concurrently with the closing of this offering. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non- redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. Once the warrants become exercisable, we may redeem the outstanding warrants subject to conditions. The securities are subject to a hold period twelve months from the date of closing.