Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $15,433,911, primarily due to a change in fair value of warrant liabilities amounting to $14,278,490 and general and administrative expenses of $2,940,901[151]. - For the nine months ended September 30, 2025, the company had a net loss of $14,649,991, which included a change in fair value of warrant liabilities of $15,355,000 and general and administrative expenses of $4,675,665[152]. - For the period from June 13, 2024, to September 30, 2024, the net loss was $52,461, influenced by formation costs of $16,241 and operating costs of $15,420[161]. Capital and Funding - The company generated gross proceeds of $166,000,000 from the initial public offering of 16,600,000 Units at $10.00 per Unit, along with an additional $5,985,000 from the sale of 5,985,000 private placement warrants[156]. - A total of $166,415,000 was placed in the trust account following the initial public offering and related transactions, with $10,605,256 incurred in offering-related costs[157]. - The company may receive loans up to $1,500,000 from sponsors or affiliates, which can be converted into private placement warrants at $1.00 per warrant[164]. Operating Activities - The company has incurred net cash used in operating activities of $1,607,589 for the nine months ended September 30, 2025[160]. - The company has not generated any operating revenues to date and does not expect to do so until after the completion of its initial business combination[150]. - The company held $482,352 in cash outside the trust account as of September 30, 2025, primarily for evaluating target businesses and due diligence[163]. Business Combination and Future Plans - The company expects to continue incurring significant costs in pursuit of its acquisition plans, with no assurance of successful completion of a business combination[138]. - The company has a working capital deficit and significant future costs, raising doubts about its ability to continue as a going concern within one year[167]. - The company has an agreement to pay $30,000 per month for office space and related services starting November 21, 2024, until a business combination is completed[169]. Regulatory and Compliance - The company announced a change of ticker symbols for its Class A ordinary shares, units, and public warrants from "DYNX," "DYNXU," and "DYNXW" to "ETHM," "ETHMU," and "ETHMW," respectively[141]. - A registration rights agreement allows holders of certain securities to demand registration, with specific conditions regarding the lockup period[173]. - The company is evaluating the impact of adopting ASU 2024-03, which requires additional disclosures about expense categories starting in fiscal years after December 15, 2026[175]. Advisory and Service Costs - The company has paid $178,742 and $546,375 to the service provider for advisory services for the three and nine months ended September 30, 2025, respectively[159]. - The underwriters from the initial public offering are entitled to a cash underwriting fee of $3,320,000, with a deferred fee payable upon the completion of the initial business combination[172]. Financial Position - As of September 30, 2025, the company had $171,904,018 in mutual funds primarily invested in money market funds held in the trust account, intended for the initial business combination[162]. - There are no off-balance sheet arrangements as of September 30, 2025, and no long-term debt or capital lease obligations[168].

Financial Performance - For the three months ended June 30, 2025, the company reported a net loss of $248,730, with dividends earned on investments held in the trust account amounting to $1,758,009[139] - For the six months ended June 30, 2025, the company achieved a net income of $783,920, driven by dividends of $3,507,375 and a change in fair value of the over-allotment liability of $64,371[140] Trust Account and Investments - As of June 30, 2025, the company had $170,304,723 in mutual funds primarily invested in money market funds held in the trust account[149] - The company intends to use substantially all funds held in the trust account to complete its initial business combination and may withdraw earnings to pay taxes[149] Initial Public Offering - The company completed its initial public offering on November 22, 2024, raising gross proceeds of $166,000,000 from the sale of 16,600,000 units at $10.00 per unit[143] - The company incurred $10,605,256 in initial public offering-related costs, including $3,320,000 in cash underwriting fees and $6,640,000 in deferred underwriting fees[144] Advisory Services and Costs - The company has entered into an advisory services agreement with Volta Tread LLC, with fees paid amounting to $177,718 for the three months and $367,633 for the six months ended June 30, 2025[146] - The company expects to continue incurring significant costs in pursuit of its acquisition plans, raising concerns about its ability to continue as a going concern within one year after the issuance of its financial statements[153] Financial Position and Obligations - As of June 30, 2025, the company had cash of $1,040,643 held outside of the trust account, intended for evaluating target businesses and due diligence[150] - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025, and has a monthly obligation of $30,000 for office space and administrative support[154][155] Regulatory and Reporting Status - Management does not believe that any recently issued accounting standards would materially affect the Company's financial statements[165] - The Company is classified as a smaller reporting company under Rule 12b-2 of the Exchange Act[165] - The Company is not required to provide additional market risk disclosures due to its reporting status[165]

(MARK ONE) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42414 Dynamix Corporation (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 00-0000000 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Dynamix Corporation (Exact name of Registrant as specified in its Charter) Cayman Islands 333-280719 00-0000000 (State or other jurisdiction of incorporation) ( ...