
FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 001-42921 Dynamix Corporation III(Exact Name of Registrant as Specified in Its Charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of December 8, 2025, there were 20,125,000 Class A Ordinary Shares, $0.0001 par value and 6,708,333 Class B Ordinary Shares,$0.0001 par value, issued and outstanding. DYNAMIX CORPORATION IIIFORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2025TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Interim Financial Statements1Condensed Balance Sheet as of September 30, 2025 (Unaudited)1Condensed Statements of Operations for the three months ended September 30, 2025 and for the period from June 20,2025 (Inception) through September 30, 2025 (Unaudited)2Condensed Statements of Changes in Shareholder’s Deficit for the three months ended September 30, 2025 and for theperiod from June 20, 2025 (Inception) through September 30, 2025 (Unaudited)3Condensed Statement of Cash Flows for the period from June 20, 2025 (Inception) through September 30, 2025(Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3. Quantitative and Qualitative Disclosures About Market Risk19Item 4. Controls and Procedures19Part II. Other Information20Item 1. Legal Proceedings20Item 1A. Risk Factors20Item 2. Unregistered Sales of Equity Securities and Use of Proceeds20Item 3. Defaults Upon Senior Securities21Item 4. Mine Safety Disclosures21Item 5. Other Information21Item 6. Exhibits21Part III. Signatures22 PART I - FINANCIAL INFORMATION DYNAMIX CORPORATION IIICONDENSED BALANCE SHEETSEPTEMBER 30, 2025(UNAUDITED) AssetsPrepaid expenses – current asset$45,000Deferred offering costs426,665Total Assets$471,665 Liabilities and Shareholder’s DeficitCurrent Liabilities Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding—Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding—ClassB ordinary shares,$0.0001 par value;50,000,000 shares authorized;6,708,333 shares issued andoutstanding(1)(2)671Additional paid-in capital24,329Accumulated deficit(64,571)Total Shareholder’s Deficit(39,571)Total Liabilities and Shareholder’s Deficit$471,665 (1)On September 16, 2025, the Company effected a 1 to 1.1666666087 share split of the founder shares, which resulted in a total of6,708,333 founder shares held by the Sponsor. All share and per share amounts have been retroactively presented (see Note 5). (2)Includes 875,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or inpart by the underwriters. Subsequently, on October 31, 2025, the underwriters exercised their over-allotment option in full as partof the closing of the Initial Public Offering. As such, the 875,000 Class B ordinary shares are no longer subject to forfeiture (seeNote 5). The accompanying notes are an integral part of the unaudited condensed financial statements. DYNAMIX CORPORATION IIICONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) (1)On September 16, 2025, the Company effected a 1 to 1.1666666087 share split of the founder shares, which resulted in a total of6,708,333 founder