ADDED
Our public shareholders may not be afforded an opportunity to vote on our proposed initial business combination (in the event that the proposed Business Combination with The Ether Machine is not consummated, each as defined herein), and even if we hold a vote, holders of our founder shares will participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
In the event that the proposed Business Combination with The Ether Machine is not consummated, the ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with another target.
We have identified a target for our business combination, as described below under Proposed Business Combination.
If the proposed Business Combination is not completed, we will continue to review, a number of opportunities to enter into an initial business combination with an operating business, but we are not able to determine at this time whether we will complete an initial business combination with any of the target businesses that we have reviewed, including the proposed Business Combination or with any other target business.
As of December 31, 2025, the Company had not commenced any operations.
All activity for the period from June 13, 2024 (inception) through December 31, 2025 relates to the Company s formation, the initial public offering (the initial public offering ), which is described below, and subsequent to the initial public offering, identifying a target company for a business combination and pursuing the completion of the proposed Business Combination.
The Company will not generate any operating revenues until after the completion of its initial business combination, at the earliest.
The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the initial public offering.
In January 2025, the underwriters remaining over-allotment option expired unexercised and as a result, 216,667 Class B ordinary shares were forfeited to the Company.
At December 31, 2025, funds held in the trust account equaled $173,392,842.
REMOVED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
As of March 19, 2025, 16,600,000 Class A ordinary shares, par value $0.0001 per share, and 5,533,333 Class B ordinary shares, par value $0.0001 per share, were issued and outstanding.
Our public shareholders may not be afforded an opportunity to vote on our proposed initial business combination, and even if we hold a vote, holders of our founder shares will participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
The ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with a target.
We have reviewed, and continue to review, a number of opportunities to enter into an initial business combination with an operating business, but we are not able to determine at this time whether we will complete an initial business combination with any of the target businesses that we have reviewed or with any other target business.
We also have neither engaged in any operations nor generated any revenue to date.
At December 31, 2024, funds held in the trust account equaled $167,164,825.
Any Units not separated will continue to trade on the Nasdaq under the symbol DYNXU .
Any underlying Class A ordinary shares and warrants that are separated will trade on the Nasdaq under the symbols DYNX and DYNXW, respectively.
1 Sources of Target Businesses We anticipate that target business candidates will be brought to our attention from various unaffiliated sources, including investment bankers and private investment funds.