Dynamix Corp closes SPAC IPO of 16.6M units at $10/unit for $166M gross proceeds

Dynamix Corp

IPO of 16,600,000 units (including 1.6M from over-allotment) closed Nov 22, 2024; each unit = 1 Class A share + 1/2 warrant.
Private placement of 5,985,000 warrants at $1/warrant to sponsor and underwriters raised $5.985M.
Net proceeds of $166.415M ($10.025/unit) deposited in trust account at J.P. Morgan Chase.
Balance sheet at close shows $166.415M trust assets, $167.97M total assets, $8.54M liabilities, negative $6.98M shareholders' deficit.
Company is a blank check SPAC with 24-month window to complete an initial business combination; no target identified yet.

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