A Nasdaq-listed special purpose acquisition company focused on energy, digital assets and AI has raised an upsized $175 million in an initial public offering. Dynamix Corporation III may also opt to issue additional shares, bringing the final amount raised to $201.25 million, to meet the increased demand from SPAC investors, people familiar with the matter told CNBC. The SPAC, led by executives with prior experience in blank-check transactions, has engaged advisors from commercial real estate firm Prologis to aid in the search for suitable acquisition targets, according to its SEC filings. Execs from AI darling Nvidia are also aiding in the hunt for deals, a person close to the company told CNBC. A SPAC, or "blank-check company," is a shell corporation with no commercial operations. It is
AI SPAC raises $175 million; taps Nvidia, Prologis execs for deal hunt
CNBC7 hrs ago
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