Dynamix Corp III (NASDAQ: DNMX) is a blank check company, structured as a special purpose acquisition company (SPAC), formed for the purpose of identifying and completing a merger or acquisition with one or more target businesses. The company generates no operating revenue. It raises capital through public equity offerings and holds those proceeds in trust until an initial business combination is identified and closed. Dynamix Corp III completed its IPO on October 31, 2025, raising gross proceeds of $201,250,000 from the sale of 20,125,000 Units at $10.00 per Unit, with an additional $6,275,000 raised through the concurrent private placement of 6,275,000 warrants. As of the filing date, the full $201,250,000 in IPO proceeds is held in a trust account. The company was incorporated in 2025 and is led by CEO Andrea Bernatova, who also serves as CEO of Dynamix Corporation II, a separate SPAC that completed a $166.0 million IPO in November 2024. No acquisition target had been identified as of the 10-K filed March 20, 2026.

Revenue model

No operating revenue. The company holds $201,250,000 in trust (as of IPO closing October 31, 2025), invested until an initial business combination is completed or the SPAC is liquidated. Funds outside the trust are used for operating expenses and acquisition search activities.

Products and services

Class A ordinary shares (NASDAQ: DNMX), redeemable warrants (NASDAQ: DNMXW), and Units (NASDAQ: DNMXU), each Unit consisting of one Class A ordinary share and one-half of one redeemable warrant. 6,275,000 Private Placement Warrants were issued concurrently at $1.00 per warrant to the Sponsor (DynamixCore Holdings III, LLC) and Cohen & Company Capital Markets.

Customers and end markets

Public equity investors purchasing Units, Class A ordinary shares, and warrants on Nasdaq. No operating customers or end markets identified as of the 10-K filed March 20, 2026.

Value-chain role

SPAC sponsor and acquisition vehicle. Target business candidates are expected to be sourced through investment bankers, private investment funds, and management team networks. Administrative and advisory services are provided by Volta Tread LLC under agreements dated October 29, 2025.

Geographic exposure

Incorporated as a Cayman Islands entity listed on Nasdaq. No operating geographic footprint. The filing notes the company may change its jurisdiction of incorporation depending on the domicile of a future acquisition target.

Source: SEC 10-K, filed 2026-03-20

Industry: Blank Checks