Dynamix Corporation Announces the Separate Trading of its Class A ordinary shares and Warrants Commencing December 9, 2024
Rhea-AI Summary
Dynamix has announced that starting December 9, 2024, investors who purchased units in the company's IPO can choose to trade Class A ordinary shares and warrants separately. The Class A shares will trade under the symbol DYNX and warrants under DYNXW on the Nasdaq Global Market, while unseparated units will continue trading as DYNXU.
Only whole warrants will be traded, with no fractional warrants being issued. Unit holders must contact Odyssey Transfer and Trust Company through their brokers to separate units. The offering was conducted solely through a prospectus, available via Cohen & Company Capital Markets and Seaport Global Securities.
Positive
- None.
Negative
- None.
News Market Reaction – DYNXU
On the day this news was published, DYNXU declined 0.40%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Houston, TX, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Dynamix Corporation (the “Company”) today announced that commencing December 9, 2024, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the ticker symbol “DYNX” and “DYNXW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “DYNXU.” No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Odyssey Transfer and Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of units was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, Email: capitalmarkets@cohencm.com or Seaport Global Securities, 360 Madison Avenue, 22nd Floor, New York, NY 10017, Attention: Prospectus SPAC Department, Email: SPACCapitalMarkets@seaportglobal.com.
About Dynamix Corporation
Dynamix Corporation is a special purpose acquisition company incorporated under the laws of 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 and power 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, Vice President of M&A and Strategy and board members, Lynn A. Peterson, Diaco Aviki and Tyler Crabtree. The Company maintains a corporate website at https://dynamix-corp.com. Inclusion of the Company’s website address in this press release is an inactive textual reference only.
Contacts
Dynamix Corporation
Andrea Bernatova
1980 Post Oak Blvd., Suite 100,
PMB 6373,
Houston, TX, 77056
Tel: (646) 792 5600
FAQ
When will Dynamix (DYNXU) begin separate trading of its shares and warrants?
What are the trading symbols for Dynamix 's separated securities?
How can investors separate their Dynamix (DYNXU) units into shares and warrants?
Will Dynamix issue fractional warrants upon unit separation?
