Dynamix Corporation (DYNXU) Prices $150M IPO

Dynamix Corporation (NASDAQ:DYNXU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYNXU”, Thursday, November 21, 2024.

The new SPAC intends to focus its search on companies that are within the energy transition, oil and gas, and power sectors.

Dynamix Corporation is led by Chief Executive Officer and Chairman Andrea Bernatova, Chief Financial Officer Nader Daylami, and Vice President, M&A and Strategy Philip Rajan.

Diaco Aviki, Tyler Crabtree, and Lynn A. Peterson will serve on its Board of Directors.

Total SPAC deal count for 2024 year-to-date is now 48. This offering is expected to close on Friday, November 22, 2024.

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. Gibson, Dunn & Crutcher LLP is serving as Issuer’s Counsel with Vinson & Elkins L.L.P. serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.