Dynamix Corp
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 13, 2026
DYNC$10.98+0.7%Stored close · as of Oct 29, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001213900-26-056598
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001213900-26-089131
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 46 previous paragraphs and 47 current paragraphs.
35 unchanged; 9 reworded; 3 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
For the three months ended June 30, 2026, we had a net income of $56,803,502, which consisted of termination agreement fee of $50,000,000, change in fair value of warrant liabilities of $5,810,000, dividends earned on investments held in trust account of $1,536,672 and interest earned in cash account of $359,615 partially offset by general and administrative expenses of $902,785.
Current report
For the three months ended June 30, 2025, we had a net loss of $248,730, which consisted of dividends earned on investments held in trust account of $1,758,009, interest earned in cash account of $10,732, partially offset by general and administrative expenses of $1,150,121 and change in fair value of warrant liabilities of $867,350.
Current report
For the six months ended June 30, 2026, we had a net income of $67,891,442, which consisted of termination agreement fee of $50,000,000, change in fair value of warrant liabilities of $15,687,000, dividends earned on investments held in trust account of $3,060,542 and interest earned in cash account of $360,901 partially offset by general and administrative expenses of $1,217,001.
Removed paragraphs (2)
Previous report
For the three months ended March 31, 2026, we had a net income of $11,087,940, which consisted of change in fair value of warrant liabilities of $9,877,000, dividends earned on investments held in trust account of $1,523,870 and interest earned in cash account of $1,286 partially offset by general and administrative expenses of $314,216.
Previous report
On February 4, 2025, we entered into an advisory services agreement (the “advisory services agreement”) with Volta Tread LLC, an affiliate of our sponsor owned and controlled by our chief executive officer and chief financial officer (the “service provider”). Pursuant to the advisory services agreement, the service provider will provide management, consulting and other advisory services to the Company in connection with its initial business combination. In consideration for these services, we will (i) pay to the service provider an annual fee, payable on a monthly basis, until the consummation of a business combination, and (ii) reimburse the service provider and its affiliates for certain costs and expenses incurred in favor of third parties. The annual fee, together with any reimbursement, shall not exceed an annual limit of 10% of interest earned on funds held in the trust account (the “Cap”). For the three months ended March 31, 2026 and 2025, the Company has paid the service provider $54,298 and $189,915, respectively, pursuant to the advisory services agreement.
Reworded paragraphs (9)
Previous wording
For the three months ended March 31, 2025, we had a net income of $1,032,650, which consisted of dividends earned on investments held in trust account of $1,749,366, change in fair value – over-allotment liability of $64,371 and interest earned in cash account of $12,716, partially offset by general and administrative expenses of $584,643 and change in fair value of warrant liabilities of $209,160.
Current wording
For the six months ended June 30, 2025, we had a net income of $783,920, which consisted of dividends earned on investments held in trust account of $3,507,375, change in fair value – over-allotment liability of $64,371 and interest earned in cash account of $23,448, partially offset by general and administrative expenses of $1,734,764 and change in fair value of warrant liabilities of $1,076,510.
Previous wording
As an additional source of liquidity, we may withdraw interest earned in the trust account to fund working capital requirements, subject to an annual limit of 10% of interest earned on funds held in the Trust Account.
Current wording
As a source of liquidity, we may withdraw interest earned in the trust account to fund working capital requirements, subject to an annual limit of 10% of interest earned on funds held in the Trust Account. And as discussed above, the Company received $50,000,000 in association with the Termination Agreement. As such, the received funds helped satisfy the Company’s liquidity.
Previous wording
For the three months ended March 31, 2026, net cash used in operating activities was $222,975. Net income of $11,087,940 was affected by a change in fair value of warrant liabilities of $9,877,000 and dividends earned on investments held in trust account of $1,523,870. Changes in operating assets and liabilities provided $89,955 of cash from operating activities.
Current wording
For the six months ended June 30, 2026, net cash provided by operating activities was $45,608,015. Net income of $67,891,442 was affected by a change in fair value of warrant liabilities of $15,687,000 and dividends earned on investments held in trust account of $3,060,542. Changes in operating assets and liabilities used $3,535,885 of cash from operating activities.
Previous wording
For the three months ended March 31, 2025, net cash used in operating activities was $504,051. Net income of $1,032,650 was affected by a change in fair value of warrant liabilities of $209,160, dividends earned on investments held in trust account of $1,749,366, and change in fair value of over-allotment liability of $64,371. Changes in operating assets and liabilities provided $67,876 of cash from operating activities.
Current wording
For the six months ended June 30, 2025, net cash used in operating activities was $870,400. Net income of $783,920 was affected by a change in fair value of warrant liabilities of $1,076,510, dividends earned on investments held in trust account of $3,507,375, and change in fair value of over-allotment liability of $64,371. Changes in operating assets and liabilities provided $840,916 of cash from operating activities.
Previous wording
At March 31, 2026, we had mutual funds which are invested primarily in money market funds held in the trust account of $174,762,568. We intend to use substantially all of the funds held in the trust account (including any amounts representing dividends earned on investments held in trust account, which dividends shall be net of taxes payable, if any, and excluding deferred underwriting fees) and not previously released to us pursuant to permitted withdrawals, to complete our initial business combination. We may withdraw earnings from the trust account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
At June 30, 2026, we had mutual funds which are invested primarily in money market funds held in the trust account of $176,148,668. We intend to use substantially all of the funds held in the trust account (including any amounts representing dividends earned on investments held in trust account, which dividends shall be net of taxes payable, if any, and excluding deferred underwriting fees) and not previously released to us pursuant to permitted withdrawals, to complete our initial business combination. We may withdraw earnings from the trust account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
At March 31, 2026, we had cash of $154,849 held outside of the trust account. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a business combination.
Current wording
At June 30, 2026, we had cash and cash equivalents of $46,136,411 held outside of the trust account. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a business combination.
Previous wording
In connection with our assessment of going concern considerations in accordance with ASC 205-40 “Presentation of Financial Statements - Going Concern,” we have incurred and expects to continue to incur significant costs in pursuit of financing and acquisition plans. Additionally, we have 24 months from the closing of the Initial Public Offering (November 22, 2026 or until such earlier liquidation date as our board of directors may approve) to complete a Business Combination (the “Combination Period”). The working capital deficit and the expectation of significant future costs raises substantial doubt about our ability to continue as a going concern within one year after the date that the financial statements are issued. Additionally, management has determined that the mandatory liquidation and subsequent dissolution, should we be unable to complete a Business Combination by the end of the Combination Period, raises substantial doubt about our ability to continue as a going concern. Management plans to address this uncertainty through debt or equity financing and the completion of a Business Combination. There are no assurances that our plans to raise capital or to consummate a Business Combination will be successful within the Combination Period. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Current wording
In connection with our assessment of going concern considerations in accordance with ASC 205-40 “Presentation of Financial Statements - Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business Combination by the end of the Combination Period, raises substantial doubt about the Company’s ability to continue as a going concern. Management plans to address this uncertainty through search for and completion of a Business Combination. There are no assurances that the Company’s plans to consummate a Business Combination will be successful within the Combination Period. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Previous wording
The preparation of condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could materially differ from those estimates. The Company has not identified any critical accounting estimates that have a significant impact to our financial statements.
Current wording
The preparation of the unaudited condensed consolidated financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. Actual results could materially differ from those estimates. The Company has not identified any critical accounting estimates that have a significant impact to our unaudited condensed consolidated financial statements.
Previous wording
Management does not believe that any other recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed financial statements.
Current wording
Management does not believe that any other recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed consolidated financial statements.