Appleby Advised Dynamix Corporation III in Its $201.25M Initial Public Offering

Appleby Advised Dynamix Corporation III in Its $201.25M Initial Public Offering

Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Dynamix Corporation III (Dynamix) in connection with the closing of its initial public offering of 20,125,000 units, including 2,625,000 units in connection with the underwriters’ exercise of their option to purchase additional units in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $201,250,000.

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.

Appleby continues to play a key role in major SPAC and public-market matters worldwide.

The Appleby team was led by Alexandra Low (Counsel), with Simon Raftopoulos (Partner), Sophia Cunningham (Paralegal) and other members of the corporate team.

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.