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Dynamix Corp III (NASDAQ:DNMX) announced Thursday that it completed its initial public offering and a concurrent private placement, raising gross proceeds of $201.3 million. The information is based on a press release statement included in a filing with the Securities and Exchange Commission.
According to the filing, Dynamix Corp III sold 20,125,000 units in its IPO, which included 2,625,000 units issued as a result of the underwriters fully exercising their option to purchase additional units. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. The units were sold at $10.00 each.
Simultaneously, the company completed a private placement of 6,275,000 warrants at $1.00 per warrant. Of these, 4,262,500 warrants were sold to DynamixCore Holdings III, LLC, the company’s sponsor, and 2,012,500 warrants were sold to a group of subscribers, including Cohen & Company Capital Markets and Clear Street LLC. Total gross proceeds from the private placement were $6,275,000.
On October 31, $201,250,000 from the net proceeds of the IPO and private placement were deposited in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., with Odyssey Transfer and Trust Company acting as trustee.
Dynamix Corp III is incorporated in the Cayman Islands and is classified as a blank check company. Its securities began trading on the Nasdaq Stock Market LLC under the symbols DNMXU (units), DNMX (Class A shares), and DNMXW (warrants).
An audited balance sheet as of October 31, 2025, reflecting the receipt of proceeds from the offering and private placement, was included as an exhibit to the SEC filing.
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