Dynamix Corp III’s (NASDAQ:DNMXU) Lock-Up Period Set To Expire on April 28th

Dynamix Corp III’s (NASDAQ:DNMXU) lock-up period will expire on Tuesday, April 28th. Dynamix Corp III had issued 17,500,000 shares in its initial public offering on October 30th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Dynamix Corp III Stock Performance

Shares of Dynamix Corp III stock opened at $10.09 on Tuesday. Dynamix Corp III has a 12-month low of $10.05 and a 12-month high of $11.00. The stock has a fifty day moving average price of $10.10.

Institutional Investors Weigh In On Dynamix Corp III

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lineage Point Capital LP purchased a new stake in shares of Dynamix Corp III in the 4th quarter worth about $100,000. T3 Companies LLC purchased a new stake in shares of Dynamix Corp III in the 4th quarter worth about $138,000. Sandia Investment Management LP purchased a new stake in shares of Dynamix Corp III in the 4th quarter worth about $149,000. Quarry LP purchased a new stake in shares of Dynamix Corp III in the 4th quarter worth about $149,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Dynamix Corp III in the 4th quarter worth about $158,000.

Dynamix Corp III Company Profile

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.