Dynamics Special Purpose Corp. announced a private placement of 655,500 Class A common stock for $10 per share for a gross proceeds of $6,555,000 on May 7, 2021. The transaction will include participation from returning investor Dynamics Sponsor LLC. The transaction also includes an oversubscription of 60,000 shares for $10 per share for an additional gross proceeds of $600,000 in the aggregate if the underwriters’ option to purchase additional shares is exercised in full. The shares will not be transferable, assignable or salable until 30 days after the completion of transaction. The transaction will close simultaneously with the closing of public offering.