05:02 PM EST, 11/22/2024 (MT Newswires) -- Dynamix ( DYNXU ) late Friday said underwriters for its recent initial public offering of stock have exercised their overallotment option to buy 1.6 million equity units priced at $10 each, generating $16 million in extra cash and boosting gross proceeds from Thursday's IPO to $166 million.

Underwriters still retain options to buy up to 650,000 additional Dynamix ( DYNXU ) units, the company said on Friday.

Each of the units sold consist of one Class A ordinary share and one-half of a single redeemable warrant to buy another class share for $11.50.