Dynamix Corporation III closes $201.25 million IPO of 20,125,000 units
Dynamix Corporation III, a Cayman Islands blank-check company (SPAC), closed its initial public offering on October 31, 2025, selling 20,125,000 units at $10.00 each for gross proceeds of $201,250,000, including units from the underwriters' full option exercise. The $201,250,000 was placed in a trust account, and the funds generally cannot be released until a business combination, a shareholder-vote redemption, or a failure to complete a combination within 24 months.
Key points
- 20,125,000 units sold at $10.00 each, including 2,625,000 units from the full exercise of the underwriters' option, for gross proceeds of $201,250,000
- $201,250,000 placed in trust with Odyssey Transfer and Trust Company, including $194,975,000 of IPO net proceeds and $6,275,000 from private placement warrants
- 6,275,000 private placement warrants sold at $1.00 each to the sponsor and underwriters, for gross proceeds of $6,275,000 on October 29, 2025
- Diaco Aviki, Tyler Crabtree and James Henderson appointed to the board on October 29, 2025; units began trading on Nasdaq as DNMXU on October 30, 2025
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.