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Dynamix has announced that starting December 9, 2024, investors who purchased units in the company's IPO can choose to trade Class A ordinary shares and warrants separately. The Class A shares will trade under the symbol DYNX and warrants under DYNXW on the Nasdaq Global Market, while unseparated units will continue trading as DYNXU.
Only whole warrants will be traded, with no fractional warrants being issued. Unit holders must contact Odyssey Transfer and Trust Company through their brokers to separate units. The offering was conducted solely through a prospectus, available via Cohen & Company Capital Markets and Seaport Global Securities.
Dynamix has completed its initial public offering (IPO) of 16,600,000 units at $10.00 per unit, raising gross proceeds of $166 million. Each unit includes one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share. Trading began on Nasdaq Global Market under symbol 'DYNXU'. $166,415,000 of proceeds were placed in trust. The underwriters retain rights to purchase up to 650,000 additional units. Once securities trade separately, shares and warrants will list under 'DYNX' and 'DYNXW' respectively.
Dynamix has announced the pricing of its $150 million initial public offering, consisting of 15,000,000 units at $10.00 per unit. The units will trade on Nasdaq under 'DNYXU' starting November 21, 2024. Each unit includes one Class A ordinary share and one-half warrant, with each whole warrant allowing purchase of one Class A share at $11.50. The company expects separate trading of shares and warrants under 'DYNX' and 'DYNXW'. The IPO, led by Cohen & Company Capital Markets and Seaport Global Securities, includes a 45-day option for underwriters to purchase up to 2,250,000 additional units.
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