Dynamix Corporation III Class A Ordinary Shares

DNMX: 10-Q · periodic report

Dynamix Corporation III, a pre-deal blank check company, filed its Form 10-Q for the quarter ended June 30, 2026, reporting net income of $1,083,262 for the quarter and $2,287,852 for the six-month period, driven almost entirely by $3,573,818 of dividends earned on trust investments and offset by $1,304,692 of general and administrative costs. The trust account held $205,691,208 at quarter end, up from $202,473,195 at December 31, 2025, with redeemable Class A shares carried at $10.22 per share. Cash outside the trust fell to $812,135 from $1,332,627, leaving a working capital surplus of $276,587 as the company paid $240,000 in administrative fees and $355,805 in advisory fees (funded by permitted trust withdrawals) to Sponsor-affiliated Volta Tread LLC in the first half of 2026. The SPAC, which completed a $201.25 million IPO in October 2025, has not commenced operations or announced a business combination target and must close a deal by October 31, 2027 or liquidate and return trust proceeds to shareholders. Management concluded it has sufficient funds for at least one year, disclosure controls were effective, and no material changes to previously disclosed risk factors were reported.

SEC 10-Q•2mo ago

DNMX: 10-Q · periodic report

Dynamix Corporation III, a blank check company, has not commenced any operations as of March 31, 2026. The company's primary activities have been organizational and related to its initial public offering (IPO), which was completed on October 31, 2025. The IPO generated gross proceeds of $201,250,000, and the company also sold 6,275,000 Private Placement Warrants for $6,275,000. For the three months ended March 31, 2026, the company reported a net income of $1,204,590, primarily due to dividends earned on investments held in the Trust Account, which amounted to $1,779,426. General and administrative costs were $585,459 during this period. The company has $204,072,640 in investments held in the Trust Account as of March 31, 2026, and $1,011,147 in cash and cash equivalents held outside the Trust Account. The company does not expect to need additional funds to meet its operational expenses, but it may require additional financing to complete a business combination or to redeem a significant number of public shares.

SEC 10-Q•5mo ago