Dynamix III (DNMX)
Market Price (6/1/2026): $10.01 | Market Cap: $268.6 MilSector: Financials | Industry: Multi-Sector Holdings
Dynamix III (DNMX)
Market Price (6/1/2026): $10.01Market Cap: $268.6 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 1.8% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -82% | Key risksDNMX key risks include [1] the failure to complete a suitable business combination within its deadline, Show more. |
| Low stock price volatilityVol 12M is 1.8% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -82% |
| Key risksDNMX key risks include [1] the failure to complete a suitable business combination within its deadline, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Dynamix III (DNMX) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Dynamix III (DNMX) operates as a Special Purpose Acquisition Company (SPAC) without an identified business combination target.
As a blank check company, DNMX's stock price largely reflects the value of the cash held in its trust account, typically around its $10 IPO price, rather than operational performance. The company has not announced a definitive merger, amalgamation, or other business combination, which is the primary catalyst for significant stock movement in SPACs.
2. Absence of significant company-specific news or catalysts during the period.
From February 28, 2026, to May 31, 2026, there were no material corporate announcements, product updates, or merger and acquisition news directly from Dynamix III that would typically drive substantial changes in its stock price. Market analysis indicates that the stock's modest movements have been largely influenced by broader sector trends and technical trading dynamics, rather than specific fundamental company events.
Show more
Stock Movement Drivers
Fundamental Drivers
The 0.9% change in DNMX stock from 2/28/2026 to 5/31/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 5312026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.92 | 10.01 | 0.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 24 | 27 | -9.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 5/31/2026| Return | Correlation | |
|---|---|---|
| DNMX | 0.9% | |
| Market (SPY) | 10.6% | 14.8% |
| Sector (XLF) | 0.8% | 4.1% |
Fundamental Drivers
nullnull
Market Drivers
11/30/2025 to 5/31/2026| Return | Correlation | |
|---|---|---|
| DNMX | 0.7% | |
| Market (SPY) | 11.3% | 12.0% |
| Sector (XLF) | -2.4% | 4.8% |
Fundamental Drivers
nullnull
Market Drivers
5/31/2025 to 5/31/2026| Return | Correlation | |
|---|---|---|
| DNMX | ||
| Market (SPY) | 29.8% | 13.0% |
| Sector (XLF) | 2.8% | 6.8% |
Fundamental Drivers
nullnull
Market Drivers
5/31/2023 to 5/31/2026| Return | Correlation | |
|---|---|---|
| DNMX | ||
| Market (SPY) | 88.1% | 13.0% |
| Sector (XLF) | 70.5% | 6.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DNMX Return | - | - | - | - | -1% | 1% | 1% |
| Peers Return | 85% | 12% | 135% | 28% | 19% | 33% | 889% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| DNMX Win Rate | - | - | - | - | 0% | 60% | |
| Peers Win Rate | 67% | 54% | 50% | 57% | 65% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| DNMX Max Drawdown | - | - | - | - | - | -1% | |
| Peers Max Drawdown | -29% | -41% | -36% | -26% | -30% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, XOM, CVX, GEV, MARA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
DNMX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
DNMX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Dynamix III (DNMX)
AI Analysis | Feedback
nullAI Analysis | Feedback
- Facilitating a Business Combination: Dynamix III is a blank check company formed for the purpose of identifying and completing a merger, acquisition, or similar business combination with one or more target companies.
AI Analysis | Feedback
Dynamix III (DNMX) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). As described in the background, it was formed for the purpose of effecting a business combination with one or more operating businesses. It explicitly states, "We have not selected any business combination target and we have not... initiated any substantive discussions, directly or indirectly, with any business combination target."
Therefore, Dynamix III (DNMX) does not currently have any major customers, as it does not yet have an operating business that sells products or services to other companies or individuals.
AI Analysis | Feedback
null
AI Analysis | Feedback
Andrea Bernatova, Chief Executive Officer and Chairman
Andrea Bernatova currently serves as CEO and Chairman of Dynamix III, as well as Chairman and CEO of Dynamix II, a SPAC formed in 2024. She was also the CEO of ESGEN, a SPAC formed in 2021, which merged with Sunergy Renewables, LLC in March 2024 and was subsequently renamed Zeo Energy Corp. Ms. Bernatova previously held the position of CFO and Senior Advisor at Enchanted Rock Energy, a resiliency microgrid company, from 2019 to 2021, and was the CFO of Goodnight Midstream, a prominent midstream water infrastructure company, from 2018 to 2019. She co-founded and served as EVP and CFO of Core Midstream, a venture infrastructure platform, from 2016 to 2018. Earlier in her career, as VP of Finance and Investor Relations at PennTex Midstream Partners from 2014 to 2016, she was part of the management team that launched and significantly grew the company, leading to an initial public offering in 2015 and a successful sale to Energy Transfer Partners, L.P. and Eagle Claw Midstream in 2016. Her background also includes investment banking roles at Morgan Stanley and Credit Suisse, and investment positions at The Blackstone Group and Mubadala Development Company, where she focused on the renewable sector.
Nader Daylami, Chief Financial Officer
Nader Daylami serves as the Chief Financial Officer of Dynamix III and is also the CFO of Dynamix II, a SPAC formed in 2024. He previously held the CFO position for ESGEN, a SPAC formed in 2021. Mr. Daylami currently serves as a director at CarbonPath, Inc., a company focused on industrial credit solutions for mitigating greenhouse gas emissions.
Philip Rajan, Executive Vice President of M&A and Strategy
Philip Rajan is the Executive Vice President of M&A and Strategy for Dynamix III. He also holds the position of Vice President of M&A and Strategy for Dynamix II. Prior to his current roles, Mr. Rajan was a Senior Vice President at Intrepid Financial Partners, an energy merchant bank, from October 2021 to May 2023.
AI Analysis | Feedback
Key Risks for Dynamix III (DNMX)
- Failure to Complete an Initial Business Combination: As a blank check company with no current operations and no identified target, the most significant risk for Dynamix III is its inability to identify and complete a suitable business combination within the required timeframe. If the company fails to consummate an initial business combination, it would likely liquidate, returning funds to public shareholders, which could result in a loss of investment.
- Intense Competition for Acquisition Targets: Dynamix III intends to pursue opportunities within the energy, power, and digital assets value chain. These sectors are highly dynamic and attractive, potentially leading to intense competition from other blank check companies, private equity firms, and strategic buyers for desirable targets. This competition could make it difficult for Dynamix III to identify or acquire a suitable business at an attractive valuation, or at all.
- Reliance on Management's Ability to Identify and Execute a Successful Business Combination: The company's success is heavily dependent on the experience, judgment, and expertise of its management team to identify, evaluate, and successfully consummate a business combination with a suitable target. If the management team is unable to effectively execute this critical function, or if the chosen target does not perform as expected post-combination, it poses a significant risk to the company's long-term value and the returns for its shareholders.
AI Analysis | Feedback
null
AI Analysis | Feedback
nullAI Analysis | Feedback
nullAI Analysis | Feedback
Share Issuance
- Dynamix Corporation III completed its Initial Public Offering (IPO) in October 2025, selling 20,125,000 units at $10.00 per unit, which included the full exercise of the underwriters' over-allotment option, resulting in gross proceeds of $201,250,000.
- A simultaneous private placement of 6,275,000 warrants was completed at $1.00 per warrant, generating gross proceeds of $6,275,000.
Inbound Investments
- The company raised $201.25 million in gross proceeds from its Initial Public Offering.
- An additional $6.275 million in gross proceeds was raised through a private placement of warrants that occurred concurrently with the IPO.
- A total of $201,250,000 from the proceeds of the initial public offering and the simultaneous private placement of warrants was placed into the company's trust account.
Trade Ideas
Select ideas related to DNMX.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 116.13 |
| Mkt Cap | 220.8 |
| Rev LTM | 39,374 |
| Op Inc LTM | 7,751 |
| FCF LTM | 7,526 |
| FCF 3Y Avg | 3,819 |
| CFO LTM | 12,330 |
| CFO 3Y Avg | 12,662 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | -0.8% |
| Rev Chg Q | 3.2% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | -9.6% |
| Op Inc Chg 3Y Avg | -25.0% |
| Op Mgn LTM | 8.4% |
| Op Mgn 3Y Avg | 10.0% |
| QoQ Delta Op Mgn LTM | -1.4% |
| CFO/Rev LTM | 16.8% |
| CFO/Rev 3Y Avg | 15.5% |
| FCF/Rev LTM | 7.4% |
| FCF/Rev 3Y Avg | 8.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 220.8 |
| P/S | 6.3 |
| P/Op Inc | 23.2 |
| P/EBIT | 18.4 |
| P/E | 24.1 |
| P/CFO | 12.8 |
| Total Yield | 6.7% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.8% |
| 3M Rtn | -0.3% |
| 6M Rtn | 22.4% |
| 12M Rtn | 32.9% |
| 3Y Rtn | 40.0% |
| 1M Excs Rtn | -11.1% |
| 3M Excs Rtn | -10.4% |
| 6M Excs Rtn | 14.8% |
| 12M Excs Rtn | 7.8% |
| 3Y Excs Rtn | -41.4% |
Earnings Returns History
Updated 5/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.