Dynamix Ends Ether Machine Merger Deal; Payor to Pay Dynamix $50 million
Dynamix Corporation and The Ether Machine, Inc. mutually terminated their Business Combination Agreement dated July 21, 2025, along with the related Sponsor Support Agreement, under a Termination Agreement dated April 8, 2026. Under that agreement, the Payor must pay Dynamix $50 million within 15 days, and the parties exchanged mutual releases. Dynamix still has until November 22, 2026 to complete an initial business combination, or it must redeem its public shares.
- Termination Agreement dated April 8, 2026 ends the Business Combination Agreement dated July 21, 2025, and the Sponsor Support Agreement dated July 21, 2025.
- The Payor must pay Dynamix $50 million within 15 days of April 8, 2026.
- Mutual releases and a covenant not to sue were included; Dynamix has until November 22, 2026 to complete an initial business combination or must redeem public shares.