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

MeNews · 2026-04-11T13:54:48+00:00

Ethereum's third-largest treasury company, The Ether Machine, and Dynamix Corporation, have terminated the merger agreement signed in 2025 due to unfavorable market conditions, and must pay $50 million within 15 days. If the merger is not completed before November 2026, liquidation and redemption procedures will be initiated.

MeNews

2026-04-11 13:54:48

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

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