Houston-based Dynamix III Corp. (DNMXU) priced its SPAC IPO in sync with the terms in its prospectus -17.5 million units at $10.00 each – to raise $175 million on Wednesday night, Oct. 29, 2025. Dynamix III (DNMXU) opened at $10.12 – up 12 cents from its SPAC IPO price – in its debut at 10:52 a.m. EDT today – Thursday, Oct. 30 – on the NASDAQ on volume of 1,633,950. About an hour later, Dynamix III had edged up to trade at $10.13 – up 13 cents – in NASDAQ trading. At the closing bell, Dynamix III was at $10.12 – unchanged from its opening trade in its first day of NASDAQ trading on Oct. 30, 2025.
Each unit consists of one share of stock and one-half of one redeemable warrant.
Cohen & Company Capital Markets acted as the sole book-runner for Dynamix III’s deal.
This is the third SPAC IPO priced this week – and all three deals involved Cohen & Company Capital Markets as the sole book-runner.
Dynamix III Corp. expects “to target opportunities and companies that are in the energy, power and digital assets value chain,” the prospectus said.
Its search for a target company will include businesses involved in “technologies and services that reduce greenhouse gas (“GHG”) emissions while supporting continued growth in global energy usage,” Dynamix III said in the prospectus.
Dynamix III will look at oil and gas E&P companies in the upstream and midstream segments, along with oilfield services businesses, as it searches for a suitable target for an initial business combination, the prospectus said.
Digital assets – particularly the intersection of blockchain and tokenization with the energy and power markets – will also be considered in its search for a target company, Dynamix III said.