DYNX News & Events

The Ether Machine, a planned public company following a pending business combination with Dynamix and The Ether Reserve, announced the confidential submission by The Ether Machine of a draft registration statement on Form S-4 with the U.S. Securities and Exchange Commission The draft registration statement relates to the proposed business combination between The Ether Machine and Dynamix, which was recently announced on July 21, 2025, as well as the upcoming extraordinary general meeting of Dynamix shareholders and related issuance of securities in connection with the proposed business combination. The completion of the proposed transaction is subject to customary closing conditions, including the approval of Dynamix shareholders.

Dynamix will change its ticker symbol of common stock on the NASDAQ exchange from "DYNX" to "ETHM". In addition, the ticker symbol for its units will change from "DYNXU" to "ETHMU" and the ticker symbol for its warrants will change from "DYNXW" to "ETHMW." The ticker symbol changes will take place at the opening of trading on Wednesday, August 27, 2025. The change reflects the previously announced business combination agreement between Dynamix and The Ether Reserve, to form The Ether Machine, a strategic ether generation company that will aim to deliver long-term, risk-adjusted yield through staking, restaking, and decentralized finance. The Ether Machine's operating mandate is clear: to steadily grow ether concentration per share, with its onchain treasury and validator network reinforcing Ethereum's core infrastructure. The boards of directors of both The Ether Machine and Dynamix have unanimously approved the proposed business combination, which is expected to close by the fourth quarter of 2025, subject to shareholder approval and other customary closing conditions. Upon the closing of the business combination, the combined entity is expected to continue to trade on NASDAQ under Dynamix's new ticker symbol "ETHM".

The Ether Machine and Dynamix Corporation announced that The Ether Reserve, a subsidiary of The Ether Machine, has purchased an additional 10,605 ETH at an average price of $3,781 USD, as part of their long-term accumulation strategy. This brings the company's total ETH purchased and committed to 345,362 ETH since launching earlier this month. "Our mandate is to buy ETH, stake it, restake it, and put it to work onchain, in full view of the public markets" said Andrew Keys, Chairman and Co-Founder of The Ether Machine. "This isn't passive exposure. We're building a machine designed to grow Ethereum's capital base, reinforce its infrastructure, and align with its most committed stewards."