Dynamix Corporation (NASDAQ: DYNC) announced on October 29, 2026, that it will liquidate the company because it failed to complete an initial business combination by the deadline set forth in its Amended and Restated Memorandum and Articles of Association.
The registrant stated that its board of directors has determined to redeem all outstanding Class A ordinary shares, par value $0.0001 per share, sold in its initial public offering. The redemption is effective as of October 30, 2026. Holders of these public shares will receive an estimated redemption price of approximately $10.71 per share. This amount is derived from the aggregate cash held in the trust account, including interest earned, less permitted withdrawals for taxes and working capital, and up to $100,000 for dissolution expenses.
As of the close of business on October 30, 2026, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The company will cease all operations except for the purpose of winding up. Following the redemption, the company intends to dissolve and liquidate, subject to Cayman Islands law and the approval of remaining shareholders.
There will be no redemption rights or liquidating distributions for the company's redeemable warrants, which will expire worthless. The company's sponsor, officers, and directors have previously agreed to waive their rights to liquidating distributions from the trust account with respect to their Class B ordinary shares.
The last day of trading for the company's securities on The Nasdaq Stock Market LLC will be October 29, 2026. The company expects Nasdaq to file a Form 25 with the SEC to delist the securities and intends to file a Form 15 to suspend its reporting obligations under the Exchange Act.
