$1.6 billion Ether Machine SPAC deal collapses over unfavorable market
CoinDesk
The $1.6 billion merger between Dynamix Corporation and The Ether Machine has been terminated due to unfavorable market conditions.Summary
The $1.6 billion SPAC merger intended to take crypto firm The Ether Machine public on the Nasdaq has been cancelled. Both companies cited unfavorable market conditions as the reason for the mutual termination of the deal, which was originally announced in July 2025. As part of the unwinding process, Dynamix Corporation will receive a $50 million termination payment within 15 days. The Ether Machine, which functions as an Ethereum treasury and yield vehicle, currently manages over 496,712 ETH, valued at more than $1.1 billion.
(Source：CoinDesk)