Dynamix Corp III’s Lock-Up Period Will End on April 28th (NASDAQ:DNMXU)

Dynamix Corp III’s (NASDAQ:DNMXU) lock-up period is set to expire on Tuesday, April 28th. Dynamix Corp III had issued 17,500,000 shares in its public offering on October 30th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Dynamix Corp III Stock Performance

Shares of DNMXU stock opened at $10.11 on Thursday. The firm’s 50-day moving average price is $10.10. Dynamix Corp III has a twelve month low of $10.05 and a twelve month high of $11.00.

Institutional Trading of Dynamix Corp III

A number of institutional investors and hedge funds have recently bought and sold shares of DNMXU. Lineage Point Capital LP purchased a new stake in Dynamix Corp III during the fourth quarter worth about $100,000. T3 Companies LLC purchased a new stake in Dynamix Corp III during the fourth quarter worth about $138,000. Sandia Investment Management LP purchased a new stake in Dynamix Corp III during the fourth quarter worth about $149,000. Quarry LP purchased a new stake in Dynamix Corp III during the fourth quarter worth about $149,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Dynamix Corp III during the fourth quarter worth about $158,000.

About Dynamix Corp III

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.