Dynamix Corporation Announces Pricing of $150 Million Initial Public Offering
20 November 2024 - 11:22PM
Dynamix Corporation (the “Company”) announced the pricing of its
initial public offering of 15,000,000 units at $10.00 per unit. The
units will be listed on the Nasdaq Global Market (“Nasdaq”) under
the symbol “DNYXU” commencing Thursday, November 21, 2024. 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 “DYNX” and “DYNXW,” respectively. The
initial public offering is expected to close on Friday, November
22, 2024, subject to customary closing conditions.
The offering is being led by Cohen & Company
Capital Markets as the lead book-running manager and Seaport Global
Securities as joint book runner. Clear Street LLC is acting as
co-manager for the offering. The Company has granted the
underwriters a 45-day option to purchase up to 2,250,000 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, 24th Floor, New York, NY 10019,
Attention: Prospectus Department, Email: capitalmarkets@cohencm.com
or Seaport Global Securities LLC, 360 Madison Avenue, 22nd Floor,
New York, NY 10017, Attention: Prospectus SPAC Department, Email:
SPACCapitalMarkets@seaportglobal.com.
A registration statement relating to these
securities has been declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on November 20, 2024. 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
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.
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 CorporationAndrea Bernatova1980 Post Oak Blvd., Suite
100,PMB 6373,Houston, TX, 77056Tel: (214) 987-6100.
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