Dynamix Corporation III Announces Pricing of $175 Million Initial Public Offering

Rhea-AI Summary

Dynamix Corporation III (DNMX) priced an initial public offering of 17,500,000 units at $10.00 per unit, implying gross proceeds of $175 million. Units will trade on Nasdaq Global Market as DNMXU beginning October 30, 2025. Each unit contains one Class A ordinary share and one-half of a warrant; each whole warrant permits purchase of one Class A share at an $11.50 exercise price.

The offering is expected to close on October 31, 2025, subject to customary closing conditions. Underwriters include Cohen & Company Capital Markets (lead) and Clear Street LLC (co-manager). The company granted a 45-day overallotment option to purchase up to 2,625,000 additional units at the IPO price.

Positive

• Gross proceeds of $175,000,000 from initial units
• Units list on Nasdaq Global Market as DNMXU starting Oct 30, 2025
• Lead underwriter: Cohen & Company Capital Markets; co-manager: Clear Street LLC

Negative

• Overallotment option up to 2,625,000 units (15% of offering)
• Warrants equal to 8,750,000 potential shares if all half-warrants convert

Insights

Equity capital markets analyst

Dynamix priced a $175,000,000 unit IPO at $10.00 per unit; units list as DNMXU

The company offered 17,500,000 units, each consisting of one Class A ordinary share and one-half warrant, with each whole warrant exercisable at $11.50. The units begin trading on October 30, 2025 and the IPO is expected to close on October 31, 2025, subject to customary closing conditions.

Primary implications: the transaction raises $175,000,000 of gross proceeds before any over-allotment and provides potential incremental equity via the underwriters' 45-day option for up to 2,625,000 additional units. Watch for the separate listing of the Class A shares and warrants under the symbols DNMX and DNMXW once units separate, and confirm final shares issued at close on October 31, 2025.

Corporate finance specialist

The offering structure combines equity and detachable warrants, creating staged dilution and potential future capital.

The structure issues ordinary shares plus half-warrants, with a warrant exercise price at $11.50, which creates contingent equity dilution only if warrants are exercised. The underwriters’ 45-day option may increase gross proceeds if exercised, but will also increase outstanding share count accordingly.

Key risks and monitors: confirm final gross proceeds net of fees at closing on October 31, 2025, monitor warrants exercising behavior over the near term and any lock-up or registration details disclosed in the prospectus; these items determine actual dilution and timing of cash inflows over the next 45 days and beyond.

10/29/2025 - 07:55 PM

NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Dynamix Corporation III (the “Company”) announced the pricing of its initial public offering of 17,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “DNMXU” commencing October 30, 2025. Each unit consists of one Class A ordinary share of the Company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “DNMX” and “DNMXW,” respectively. The initial public offering is expected to close on Friday, October 31, 2025, subject to customary closing conditions.

The offering is being led by Cohen & Company Capital Markets as the lead book-running manager for the offering. Clear Street LLC acted as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 2,625,000 additional units at the initial public offering price to cover over-allotments, if any.

The initial public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24^th Floor, New York, NY 10019, Attention: Prospectus Department, Email: capitalmarkets@cohencm.com.

A registration statement relating to the securities became effective on October 29, 2025 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

About Dynamix Corporation III

Dynamix Corporation III is a special purpose acquisition company incorporated under the laws of the Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry, but expects to target opportunities and companies that are in the energy, power and digital infrastructure value chain. The Company is led by the following seasoned investors and industry executives: Andrea “Andrejka” Bernatova, Chief Executive Officer and Chairman, Nader Daylami, Chief Financial Officer, Philip Rajan, Executive Vice President of M&A and Strategy.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact

Dynamix Corporation III
Andrea Bernatova
1980 Post Oak Blvd., Suite 100, PMB 6373
Houston, TX 77056

FAQ

What did Dynamix Corporation III (DNMX) price its IPO at and how many units were offered?

The IPO priced at $10.00 per unit for 17,500,000 units, totaling $175 million in gross proceeds.

When will DNMX units and shares start trading on Nasdaq?

Units will trade as DNMXU on October 30, 2025; separate trading for shares and warrants is expected thereafter as DNMX and DNMXW.

What does each DNMX unit consist of and what is the warrant exercise price?

Each unit contains one Class A share and one-half of one warrant; whole warrants exercise at $11.50 per share.

When is the DNMX IPO expected to close and who are the underwriters?

The offering is expected to close on October 31, 2025, led by Cohen & Company Capital Markets with Clear Street LLC as co-manager.

Is there an overallotment option in the DNMX IPO and how large is it?

Yes. Underwriters have a 45-day option to buy up to 2,625,000 additional units at the IPO price to cover over-allotments.