K2 group exits Dynamix Corp (NASDAQ: DYNX) stake in 13G/A

Rhea-AI Filing Summary

Dynamix Corp saw a major shareholder group led by K2 & Associates file an amended Schedule 13G reporting beneficial ownership of 0 Class A ordinary shares, or 0% of the company. This reflects that the K2-related entities no longer hold a reportable stake in Dynamix.

The filing covers Class A ordinary shares with a par value of $0.0001 per share and is based on 16,600,000 ordinary shares outstanding as of 2025-11-03, as disclosed in the company’s Form 10-Q. The event date requiring this update is 12/31/2025.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Dynamix Corp

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G2949D104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G2949D104

1

Names of Reporting Persons

The K2 Principal Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G2949D104

1

Names of Reporting Persons

K2 Genpar 2017 Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G2949D104

1

Names of Reporting Persons

SHAWN KIMEL INVESTMENTS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G2949D104

1

Names of Reporting Persons

K2 & Associates Investment Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Dynamix Corp
(b)	Address of issuer's principal executive offices: PO BOX 309 UGLAND HOUSE GRAND CAYMAN 0000
Item 2.
(a)	Name of person filing: The persons filing this statement are Shawn Kimel Investments, Inc., an Ontario corporation ("SKI"), The K2 Principal Fund, L.P., an Ontario limited partnership (the "Fund"), K2 Genpar 2017 Inc., an Ontario corporation and the General Partner to the Fund ("Genpar 2017"), and K2 & Associates Investment Management Inc., an Ontario corporation ("K2 & Associates"). Together SKI, the Fund, Genpar2017, and K2 & Associates are the "Reporting Persons". Mr.Kimel is President of SKI. Mr.Sikorski is Secretary of Genpar 2017, and President of K2 & Associates. K2 & Associates is a direct 66.5% owned subsidiary of SKI, and is the investment manager of the Fund.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is 2 Bloor St West, Suite 801, Toronto, Ontario, M4W 3E2.
(c)	Citizenship: Mr.Kimel is a citizen of Canada. Mr.Sikorski is a citizen of Canada. The Fund is an Ontario limited partnership. Each of SKI and GenPar 2017 Inc and K2 & Associates is an Ontario corporation.
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G2949D104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0 Class A Ordinary Shares, par value $0.0001 per share held of record (and may be deemed to be beneficially owned) by The K2 Principal Fund, L.P. See Item 2 for a description of the corporate structure of the Reporting Persons. Each of the Reporting Persons may be deemed to be beneficial owners of the 0 Issuer's Class A Ordinary Shares, par value $0.0001 per share that are held by The K2 Principal Fund, L.P. Mr.Kimel is President of SKI. Mr. Todd Sikorski is Secretary of GenPar 2017 and President of K2 & Associates, and exercises ultimate voting and investment powers over the 0 Issuer's Class A Ordinary Shares, par value $0.0001 per share that are held of record by The K2 Principal Fund, L.P The percentages used in this Schedule 13G are calculated based upon 16600000 ordinary shares issued and outstanding as of 2025-11-03, as reported in the companies 10Q filed with the SEC on 2025-11-06.
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

Each of the Reporting Persons hereby makes the following certification: By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The K2 Principal Fund, L.P.

Signature:	/s/ Todd Sikorski
Name/Title:	Todd Sikorski / Secretary
Date:	02/04/2026

K2 Genpar 2017 Inc.

Signature:	/s/ Todd Sikorski
Name/Title:	Todd Sikorski / Secretary
Date:	02/04/2026

SHAWN KIMEL INVESTMENTS, INC.

Signature:	/s/ Shawn Kimel
Name/Title:	Shawn Kimel / President
Date:	02/04/2026

K2 & Associates Investment Management Inc.

Signature:	/s/ Todd Sikorski
Name/Title:	Todd Sikorski / President
Date:	02/04/2026

FAQ

What does the Dynamix Corp (DYNX) Schedule 13G/A filed by K2 report?

The filing reports that the K2-related reporting persons now beneficially own 0 Dynamix Corp shares. It amends prior ownership to show no Class A ordinary shares held and confirms they are not seeking to change or influence control of the issuer.

How many Dynamix Corp (DYNX) shares are beneficially owned by the K2 reporting group?

The reporting group discloses beneficial ownership of 0 Class A ordinary shares of Dynamix Corp. All four reporting entities list 0.00 shares for sole and shared voting and dispositive power, resulting in an aggregate beneficial ownership of 0.00 shares.

What percentage of Dynamix Corp (DYNX) does the K2 group own after this Schedule 13G/A?

The reporting persons state they own 0% of Dynamix Corp’s Class A ordinary shares. This percentage is calculated using 16,600,000 ordinary shares issued and outstanding as of November 3, 2025, as reported in Dynamix Corp’s Form 10-Q.

Who are the reporting persons in the Dynamix Corp (DYNX) Schedule 13G/A?

The reporting persons are Shawn Kimel Investments, Inc., The K2 Principal Fund, L.P., K2 Genpar 2017 Inc., and K2 & Associates Investment Management Inc. These Ontario-based entities collectively report their ownership position and related control relationships in Dynamix Corp.

When did the ownership change triggering this Dynamix Corp (DYNX) Schedule 13G/A occur?

The date of the event requiring this Schedule 13G/A is December 31, 2025. That date marks when the K2-related reporting persons’ holdings fell to a level requiring an updated statement showing 0 shares and 0% beneficial ownership.

What share count did the Schedule 13G/A use to calculate K2’s ownership in Dynamix Corp (DYNX)?

The ownership percentages are based on 16,600,000 Dynamix Corp ordinary shares outstanding as of November 3, 2025. This figure comes from the company’s Form 10-Q filed on November 6, 2025, and serves as the denominator for the 0% ownership calculation.

What certification do the K2 reporting persons make in the Dynamix Corp (DYNX) Schedule 13G/A?

The reporting persons certify the securities were not acquired to change or influence control of Dynamix Corp. They state the shares were neither acquired nor held in connection with any transaction having that purpose or effect, consistent with a passive ownership reporting status.