Dynamix’s units began trading on October 30, 2025, on the Nasdaq Global Market (Nasdaq) under the ticker symbol “DNMXU.” Each unit consists of one Class A ordinary share of Dynamix and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of Dynamix at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “DNMX” and “DNMXW,” respectively.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $201,250,000 (or $10.00 per unit sold in the public offering) was placed in Dynamix’s trust account.
Appleby advised on the Cayman Islands legal aspects of the transaction, drawing on the firm’s strong track record in SPAC IPOs and capital markets regulation.
The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to play a key role in major SPAC and public-market matters worldwide.