Dynamics Special Purpose Corp. (DYNS) Prices $200M IPO


Dynamics Special Purpose Corp. (DYNS) Prices $200M IPO

May 25, 2021 IPOs by Kristi Marvin

Dynamics Special Purpose Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYNS” Wednesday, May 26.

The new SPAC aims to combine with a company in the healthcare or healthcare-related industries. Dynamics Special Purpose is led by Executive Chair and Director Omid Farokhzad, CEO and Director Mostafa Ronaghi, Chief Financial Officer Mark Afrasiabi, and Chief Business Officer Rowan Chapman.

Total SPAC deal count for 2021 year-to-date is now 327. This offering is expected to close on Friday, May 28.

J.P. Morgan Securities LLC is acting as the sole book-running manager for the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Simpson Thacher & Bartlett LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.