dMY Squared restates Q1 2025 financials due to under-accrued excise tax; material weakness identified

dMY Squared Technology Group, Inc.

Under-accrued ~$420,000 IRA excise tax from Jan 2024 share redemptions; restatement limited to balance sheet impact.
Company will report a material weakness in internal controls and ineffective disclosure controls as of March 31, 2025.
Restatement does not affect cash position or cash held in trust account.
Error identified during preparation of Q2 2025 Form 10-Q; company intends to restate Q1 2025 10-Q.

item 4.02

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