Dynamix Corporation (DYNCW) Warrant
Each DYNCW warrant gives the holder the right to buy 1 share of Dynamix Corporation at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.90, below the strike, so the warrant is out of the money. Dynamix Corporation has a market value of about $241.36M. Dynamix Corporation is a SPAC (deal terminated). It must complete a deal by November 22, 2026 or the warrants expire worthless. There are 8.30M listed warrants; exercising all of them would add 37.5% to the 22.13M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.60
From the issuer's S-1/A (2024-10-10).
Company and stock
- Company
- Dynamix Corporation
- Underlying stock
- DYNC
- Share price
- $10.90
- Market cap
- $241.36M
- Shares outstanding
- 22.13M
- 12-month range
- $10.25 – $10.95
- 12-month change
- +4%
- Value of all listed warrants
- $830.00K (0.3% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Grand Cayman
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1000
- Price / model
Pro will show whether DYNCW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 22.13M
- Listed warrants
- 8.30M
- Dilution if all exercised
- 37.5%
Warrant count from filing iXBRL: PublicWarrantMember.
SPAC deal
- Status
- deal terminated
- Target
- The Ether Machine (Ether Reserve LLC)
- Deal announced
- —
- Deadline
- 2026-11-22
- Latest possible deadline
- 2026-11-22
- Trust per share
- $10.61
- Sponsor
- DynamixCore Holdings LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about DYNCW
When does the DYNCW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of DYNCW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many DYNCW warrants are outstanding?
8.30M listed warrants, equal to 37.5% dilution if all are exercised.
Related warrants
Get an email when alerts for DYNCW open
Alerts and Pro are not open yet. Leave your email and we will tell you when you can follow DYNCW.