Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Nam Kim Steel Joint Stock Company (NKG-HOSE) has disclosed an insider-related transaction involving Mr. Ho Minh Phat, the son of Mr. Ho Minh Quang, Chairman of the Board of Directors of NKG. Mr. Phat registered to purchase 5 million NKG shares for personal financial investment purposes. The transaction is expected…
Dynamix Corporation and The Ether Reserve LLC mutually terminated their Business Combination Agreement on April 8, 2026, citing unfavorable market conditions as the primary reason for ending the planned merger. The termination triggers a $50,000,000 payment to Dynamix within 15 days and sets a new deadline of November 22, 2026 for Dynamix to complete another initial business combination, after which mandatory liquidation of public shares would begin.
The Ether Machine, a planned public company, confirmed the mutual termination of its business combination with Dynamix Corporation and The Ether Reserve LLC effective immediately. The original deal was signed on July 21, 2025 and was intended to take The Ether Machine public via Nasdaq.
The termination also dissolved related agreements that were tied to the original business combination, including the Sponsor Support Agreement among DynamixCore Holdings, LLC, Dynamix, and The Ether Machine, Inc. The ETHM Subscription Agreements and the Contribution Agreement ended as well under their respective terms. Multiple entities were party to the Termination Agreement, including ETH SPAC Merger Sub Ltd. and ETH Partners LLC.
The termination filing was submitted to the U.S. Securities and Exchange Commission as a Current Report on Form 8-K, with Dynamix disclosing the details in that filing. The document is publicly available through the SEC’s filing system.
Under the Termination Agreement, the Payor identified in Annex A must pay Dynamix $50,000,000 within 15 days of April 8, 2026. The agreement includes mutual releases for all known and unknown claims related to the original Business Combination Agreement.
The terms also include a covenant not to sue and a mutual non-disparagement clause.
Dynamix has until November 22, 2026 to complete a new initial business combination. This timeline was established in its final prospectus filed on November 21, 2024. If no transaction closes by then, the company must begin winding down operations and redeem public shares from its trust account.
The Sponsor and Dynamix officers have waived their rights to liquidating distributions from the trust account on founder shares. They remain entitled to distributions from assets held outside the trust account, which could include portions of the $50 million termination payment remaining after company expenses are settled.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
