$1.6 billion Ether Machine SPAC deal collapses over unfavorable market

$1.6 billion Ether Machine SPAC deal collapses over unfavorable market

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmail$1.6 billion Ether Machine SPAC deal collapses over unfavorable marketThe Ether Machine, an ether treasury firm, currently has more than $1 billion in ether in its treasury.By Francisco Rodrigues|Edited by Nikhilesh De Apr 11, 2026, 4:58 p.m. Make preferred on What to know: The $1.6 billion SPAC merger between Dynamix Corporation (DYNX) and The Ether Machine was terminated due to unfavorable market conditions, The Ether Machine said.Dynamix will receive a $50 million termination payment as the agreement unwinds.The Ether Machine, an ether treasury firm, currently has more than $1 billion in ether in its treasury.A planned $1.6 billion SPAC merger between Dynamix Corporation (DYNX) and crypto firm The Ether Machine has been terminated, ov

Source: https://www.coindesk.com/business/2026/04/11/usd1-6-billion-ether-machine-spac-deal-collapses-over-unfavorable-market