Wu Shuo learned that the third-largest treasury company on Ethereum, The Ether Machine, and the special purpose acquisition company Dynamix Corporation announced that due to unfavorable market conditions, both parties agreed to terminate the previously signed business merger agreement and related support agreement in July 2025.

According to the termination agreement, the payer must pay $50 million to Dynamix within 15 days of the effective date.
The company still needs to complete the initial business merger by November 22, 2026, otherwise, liquidation and public share redemption procedures will be initiated.