Dynamix III, a blank check company targeting the energy, power, and digital infrastructure industries, raised the proposed deal size for its upcoming IPO on Monday.
The Houston, TX-based company now plans to raise $175 million by offering 17.5 million units at a price of $10.00. The company had previously filed to offer 15 million units at the same price. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50. At the revised terms, Dynamix III will raise 17% more in proceeds than previously anticipated.
Dynamix III is led by CEO and Chair Andrea Bernatova, who previously served as CFO of resiliency microgrid company Enchanted Rock Energy and midstream water infrastructure company Goodnight Midstream. The SPAC plans to target companies operating in the energy, power, and digital infrastructure sectors, including technologies and services that reduce greenhouse gas emissions while supporting continued growth in global energy usage.
Management’s previous SPACs include Dynamix (DYNX; +8% from $10 offer price), which has a pending merger agreement with Ethereum treasury The Ether Machine, and ESGEN Acquisition, which completed its combination with residential solar provider Sunergy Renewables in 2024 to form Zeo Energy (ZEO; -88%).
Dynamix III was founded in 2025 and plans to list on the Nasdaq under the symbol DNMXU. Cohen & Company Securities is the sole bookrunner on the deal.
