Dynamix Corp III
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
DNMX$10.11-0.1%Stored close · as of Nov 4, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001213900-26-089132
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-06.
0001213900-26-116916
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 40 previous paragraphs and 42 current paragraphs.
29 unchanged; 10 reworded; 3 added; 0 removed; 1 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 September 30, 2025, we had a net loss of $47,771, which consisted of general and administrative expenses.
Current report
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 we be unable to complete a Business Combination by the end of the Completion Window, raises substantial doubt about our 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 our plans to consummate a Business Combination will be successful within the Completion Window. The unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Current report
In November 2024, the FASB issued ASU 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses,” requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.
Reworded paragraphs (10)
Previous wording
For the three months ended June 30, 2026, we had a net income of $1,083,262, which consisted of dividends earned on investments held in trust account of $1,794,392 and interest earned on cash account of $8,103, offset by general and administrative costs of $719,233.
Current wording
For the three months ended September 30, 2026, we had net income of $1,203,686, which consisted of dividends earned on investments held in trust account of $1,855,539 and interest earned on cash account of $6,523, offset by general and administrative expenses of $658,376.
Previous wording
For the six months ended June 30, 2026, we had a net income of $2,287,852, which consisted of dividends earned on investments held in trust account of $3,573,818 and interest earned on cash account of $18,726, offset by general and administrative costs of $1,304,692.
Current wording
For the nine months ended September 30, 2026, we had net income of $3,491,538, which consisted of dividends earned on investments held in trust account of $5,429,357 and interest earned on cash account of $25,249, offset by general and administrative expenses of $1,963,068.
Previous wording
For the period from June 20, 2025 (Inception) through June 30, 2025, we had a net loss of $16,800, which consisted of general and administrative costs of $16,800.
Current wording
For the period from June 20, 2025 (inception) through September 30, 2025, we had a net loss of $64,571, which consisted of general and administrative expenses.
Previous wording
For the six months ended June 30, 2026, cash used in operating activities was $876,297. Net income of $2,287,852 was affected by dividends earned on investments held in trust account of $3,573,818 and changes in operating assets and liabilities of $409,669.
Current wording
For the nine months ended September 30, 2026, cash used in operating activities was $1,179,338. Net income of $3,491,538 was affected by dividends earned on investments held in trust account of $5,429,357 and changes in operating assets and liabilities of $758,481.
Previous wording
For the period from June 20, 2025 (inception) through June 30, 2025, cash used in operating activities was $0. Net loss of $16,800 was affected by changes in operating assets and liabilities of $16,800.
Current wording
For the period from June 20, 2025 (inception) through September 30, 2025, cash used in operating activities was $0. Net loss of $64,571 was affected by the payment of general and administrative expenses through promissory note – related party of $10,420 and changes in operating assets and liabilities of $54,151.
Previous wording
At June 30, 2026, we had investments held in trust account of $205,691,208. We may withdraw earnings from the trust account to pay taxes, if any and up to 10% of earnings from the trust account to pay for the advisory service agreement fees. We intend to use substantially all of the funds held in the trust account, including any amounts representing earnings on the trust account, which shall be net of taxes payable and excluding deferred underwriting commissions, to complete our business combination. 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 September 30, 2026, we had investments held in trust account of $207,363,828. We may withdraw earnings from the trust account to pay taxes, if any, and up to 10% of earnings from the trust account to pay for the advisory service agreement fees. We intend to use substantially all of the funds held in the trust account, including any amounts representing earnings on the trust account, which shall be net of taxes payable and excluding deferred underwriting commissions, to complete our business combination. 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 June 30, 2026, we had cash equivalents of $812,135 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 September 30, 2026, we had cash and cash equivalents of $692,013 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
The Company entered into an agreement with Volta Tread LLC, an affiliate of the Sponsor, commencing on October 29, 2025 through the earlier of the Company’s consummation of initial business combination and its liquidation, to pay Volta Tread LLC an aggregate of $40,000 per month for utilities and secretarial and administrative support services. For the three and six months ended June 30, 2026, the Company incurred $120,000 and $240,000, respectively, for these services, of which $130,000 and $40,000 is reported as due to related party on the accompanying unaudited condensed balance sheets at June 30, 2026 and December 31, 2025, respectively. For the period from June 20, 2025 (inception) through June 30, 2025, no fees were incurred for these services.
Current wording
The Company entered into an agreement with Volta Tread LLC, an affiliate of the Sponsor, commencing on October 29, 2025 through the earlier of the Company’s consummation of initial business combination and its liquidation, to pay Volta Tread LLC an aggregate of $40,000 per month for utilities and secretarial and administrative support services. For the three and nine months ended September 30, 2026, the Company incurred $120,000 and $360,000, respectively, for these services, of which $190,000 and $40,000 are reported as due to related party on the accompanying unaudited condensed balance sheets at September 30, 2026 and December 31, 2025, respectively. For the three months ended September 30, 2025 and for the period from June 20, 2025 (inception) through September 30, 2025, no fees were incurred for these services.
Previous wording
The underwriters were entitled to a fee of $0.40 per unit sold in the initial public offering, or $8,050,000 in the aggregate, which will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the trust account solely on amounts remaining in the trust account following all properly submitted shareholder redemption in connection with the consummation of the initial business combination.
Current wording
The underwriters were entitled to a fee of $0.40 per Unit sold in the initial public offering, or $8,050,000 in the aggregate, which will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the trust account solely on amounts remaining in the trust account following all properly submitted shareholder redemptions in connection with the consummation of the initial business combination.
Previous wording
Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.
Current wording
Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our 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.