The Ether Machine, Ethereum's third-largest treasury company, and special purpose acquisition company Dynamix Corporation have mutually agreed to terminate their business merger agreement signed in July 2025, citing unfavorable market conditions. As per the termination agreement, a payment of $50 million must be made to Dynamix within 15 days of the agreement's effective date. The companies are required to complete an initial business combination by November 22, 2026, failing which they will initiate liquidation and public share redemption procedures.