[Ethereum Treasury Company The Ether Machine and Dynamix $1.6 Billion SPAC Merger Announced Terminated] Odaily Planet Daily News: Ethereum Treasury Company The Ether Machine and Special Purpose Acquisition Company (SPAC) Dynamix Corporation (Ticker: DYNX) announced on Friday that both parties have mutually agreed to terminate the previously planned $1.6 billion merger transaction due to unfavorable market conditions. According to documents submitted to the U.S. Securities and Exchange Commission (SEC), The Ether Machine must pay Dynamix a $50 million termination fee within 15 days. The merger agreement was first disclosed in July 2025, originally planning to list The Ether Machine on Nasdaq under the ticker ETHM. In terms of transaction size, the agreement included a $1.5 billion fully committed PIPE financing (reportedly the largest all-common-stock financing of its kind since 2021), as well as approximately $170 million in Dynamix's trust account. Post-merger, the company was expected to hold over 400,000 Ethereum tokens on its balance sheet. (CoinDesk)