Ethereum's third-largest treasury company and Dynamix terminate merger agreement

2026-04-12 00:43:48

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ME News message: On April 11 (UTC+8), Ethereum’s third-largest treasury company, The Ether Machine, and special purpose acquisition company Dynamix Corporation announced that, due to unfavorable market conditions, both parties have agreed to terminate the business merger agreement and related support agreements previously signed in July 2025. Under the termination agreement, the payer must pay $50 million to Dynamix within 15 days of the effective date. The company still needs to complete the initial business merger by November 22, 2026, otherwise liquidation and public share redemption procedures will be initiated. (Source: MLion)

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