STOCK TITAN

[425] Dynamix Corp Business Combination Communication

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
425
Rhea-AI Filing Summary

Dynamix Corporation (DYNX) filed a Rule 425 communication regarding its previously announced Business Combination Agreement, dated July 21, 2025, with The Ether Machine, Inc. and related affiliates. The parties plan to file a Form S-4 that will include a proxy statement/prospectus for SPAC shareholders to vote on the proposed transactions.

The notice emphasizes that no securities are being offered by this communication and that Pubco Class A Stock and Company units tied to the deal have not been registered under the Securities Act. It reiterates regulatory disclaimers and that any sales would occur only via a compliant prospectus or exemption.

The forward-looking statements section highlights key risks, including closing conditions, shareholder approval, potential high redemptions, listing uncertainties, and the volatile nature of Ether, noting Pubco’s stock price could be highly correlated to Ether. Investors are directed to read the forthcoming S-4/proxy materials when available on the SEC’s website.

Dynamix Corporation (DYNX) ha presentato una comunicazione secondo la Rule 425 riguardo all'accordo di Business Combination annunciato in precedenza, datato 21 luglio 2025, con The Ether Machine, Inc. e le relative consociate. Le parti prevedono di depositare un Form S-4 che includerà una proxy statement/prospectus per gli azionisti SPAC per votare sulle transazioni proposte.

L'avviso sottolinea che questa comunicazione non offre titoli e che Pubco Class A Stock e le unità della società legate all'accordo non sono state registrate ai sensi del Securities Act. Ripete le note normative e che eventuali vendite avverrebbero solo tramite un prospetto conforme o un'esenzione.

La sezione sulle dichiarazioni previsionali evidenzia rischi chiave, tra cui condizioni di closing, approvazione degli azionisti, potenziali elevati rimborsi, incertezze di quotazione e la volatilità di Ether, osservando che il prezzo delle azioni Pubco potrebbe essere fortemente correlato a Ether. Gli investitori sono invitati a leggere i prossimi materiali S-4/proxy non appena disponibili sul sito della SEC.

Dynamix Corporation (DYNX) presentó una comunicación bajo la Regla 425 respecto al acuerdo de combinación de negocios anunciada previamente, fechada el 21 de julio de 2025, con The Ether Machine, Inc. y afiliadas relacionadas. Las partes planean presentar un Form S-4 que incluirá una declaración de proxy/prospecto para que los accionistas de SPAC voten sobre las transacciones propuestas.

El aviso enfatiza que no se están ofreciendo valores con esta comunicación y que las acciones Pubco Class A y las unidades de la compañía vinculadas al acuerdo no han sido registradas bajo la Securities Act. Reitera las advertencias regulatorias y que cualquier venta ocurriría solo mediante un prospecto conforme o una exención.

La sección de declaraciones prospectivas destaca riesgos clave, incluyendo condiciones de cierre, aprobación de los accionistas, posibles altas redenciones, incertidumbres de listado y la naturaleza volátil de Ether, señalando que el precio de las acciones de Pubco podría estar altamente correlacionado con Ether. Se indica a los inversores que lean los próximos materiales S-4/proxy cuando estén disponibles en el sitio web de la SEC.

Dynamix Corporation (DYNX)은 이전에 발표된 사업 결합 계약에 관한 규칙 425 통지를 제출했으며, 날짜는 2025년 7월 21일이고 The Ether Machine, Inc. 및 관련 계열사가 포함됩니다. 당사자들은 SPAC 주주가 제안된 거래에 투표하기 위한 프록시 진술/투자설명서를 포함하는 Form S-4를 제출할 계획입니다.

공지사항은 이 커뮤니케이션이 증권을 제안하지 않으며 계약에 연계된 Pubco Class A 주식 및 회사 유닛이 증권법에 따라 등록되지 않았다고 강조합니다. 규제 면책 조항을 반복하고 합법적 공시나 면제를 통해서만 매각이 이루어질 것이라고 명시합니다.

전망 진술 섹션은 마감 조건, 주주 승인, 잠재적 대규모 상환, 상장 불확실성 및 Ether의 변동성 등 주요 위험을 강조하며 Pubco의 주가가 Ether와 높은 상관관계를 보일 수 있음을 지적합니다. 투자자들은 SEC 웹사이트에서 이용 가능해지는 예정된 S-4/프록시 자료를 읽어보라고 안내합니다.

Dynamix Corporation (DYNX) a déposé une communication conformément à la Rule 425 concernant l'accord de fusion d’activités annoncé précédemment, en date du 21 juillet 2025, avec The Ether Machine, Inc. et les affiliés concernés. Les parties prévoient de déposer un Form S-4 qui comprendra une proxy statement/prospectus destiné aux actionnaires SPAC pour voter sur les transactions proposées.

L'avis souligne qu'aucun titre n'est offert par cette communication et que l'actions Pubco Class A et les unités de la société liées à l'accord n'ont pas été enregistrées en vertu du Securities Act. Il réitère les mentions réglementaires et que toute vente n'aurait lieu que par le biais d'un prospectus conforme ou d'une exemption.

La section des énoncés prospectifs met en évidence des risques clés, notamment les conditions de clôture, l'approbation des actionnaires, les éventuelles rachats élevés, les incertitudes de cotation et la volatilité d'Ether, notant que le cours de l'action Pubco pourrait être fortement corrélé à Ether. Les investisseurs sont invités à lire les prochains matériaux S-4/proxy disponibles sur le site de la SEC.

Dynamix Corporation (DYNX) hat eine Rule-425-Mitteilung bezüglich der zuvor angekündigten Vereinbarung zur Unternehmenszusammenführung vom 21. Juli 2025 mit The Ether Machine, Inc. und damit verbundenen Tochtergesellschaften eingereicht. Die Parteien planen, ein Form S-4 einzureichen, das eine Proxy-Statement/Prospekt für SPAC-Aktionäre enthalten wird, damit über die vorgeschlagenen Transaktionen abgestimmt werden kann.

Die Mitteilung betont, dass durch diese Kommunikation keine Wertpapiere angeboten werden und dass Pubco Class A-Aktien und die mit der Vereinbarung verbundenen Unternehmensanteile gemäß dem Securities Act nicht registriert sind. Sie bekräftigt regulatorische Hinweise und dass Verkäufe nur über einen konformen Prospekt oder eine Befreiung erfolgen würden.

Der Abschnitt zu zukunftsgerichteten Aussagen hebt wichtige Risiken hervor, darunter Closing-Bedingungen, Zustimmung der Aktionäre, potenziell hohe Rückkäufe, Börsenunwägbarkeiten und die volatilen Eigenschaften von Ether, wobei darauf hingewiesen wird, dass der Aktienkurs von Pubco stark mit Ether korreliert sein könnte. Investoren wird empfohlen, die künftigen S-4/Proxy-Materialien, sobald sie verfügbar sind, auf der Website der SEC zu lesen.

Dynamix Corporation (DYNX) قدمت إعلاناً وفق قاعدة Rule 425 بخصوص اتفاقية الدمج التجاري التي أُعلنت مسبقاً بتاريخ 21 يوليو 2025 مع The Ether Machine, Inc. والشركات التابعة ذات الصلة. تخطط الأطراف لتقديم نموذج S-4 الذي سيتضمن بيان توكيل/إكتتاب لمساهمي SPAC للتصويت على المعاملات المقترحة.

التنبيه يؤكد أنه لا يتم عرض أي أوراق مالية من خلال هذا التواصل وأن أسهم Pubco Class A والوحدات التابعة للشركة المرتبطة بالصفقة لم تُسجل بموجب قانون الأوراق المالية. وتكرر الإشعارات التنظيمية وأن أي بيع سيحدث فقط عبر نشرة اكتتاب مطابقة أو استثناء.

تسلط فقرة التصريحات المتوقعة الضوء على مخاطر رئيسية، بما في ذلك شروط الإغلاق، وموافقة المساهمين، واحتمالية وجود عوائد عالية، وعدم اليقين بشأن الإدراج وتقلب Ether، مع الإشارة إلى أن سعر سهم Pubco قد يكون مرتبطاً ارتباطاً عالياً بـ Ether. يُطلب من المستثمرين قراءة مواد S-4/Proxy القادمة عندما تتوفر على موقع SEC.

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Dynamix Corporation (DYNX) ha presentato una comunicazione secondo la Rule 425 riguardo all'accordo di Business Combination annunciato in precedenza, datato 21 luglio 2025, con The Ether Machine, Inc. e le relative consociate. Le parti prevedono di depositare un Form S-4 che includerà una proxy statement/prospectus per gli azionisti SPAC per votare sulle transazioni proposte.

L'avviso sottolinea che questa comunicazione non offre titoli e che Pubco Class A Stock e le unità della società legate all'accordo non sono state registrate ai sensi del Securities Act. Ripete le note normative e che eventuali vendite avverrebbero solo tramite un prospetto conforme o un'esenzione.

La sezione sulle dichiarazioni previsionali evidenzia rischi chiave, tra cui condizioni di closing, approvazione degli azionisti, potenziali elevati rimborsi, incertezze di quotazione e la volatilità di Ether, osservando che il prezzo delle azioni Pubco potrebbe essere fortemente correlato a Ether. Gli investitori sono invitati a leggere i prossimi materiali S-4/proxy non appena disponibili sul sito della SEC.

Dynamix Corporation (DYNX) presentó una comunicación bajo la Regla 425 respecto al acuerdo de combinación de negocios anunciada previamente, fechada el 21 de julio de 2025, con The Ether Machine, Inc. y afiliadas relacionadas. Las partes planean presentar un Form S-4 que incluirá una declaración de proxy/prospecto para que los accionistas de SPAC voten sobre las transacciones propuestas.

El aviso enfatiza que no se están ofreciendo valores con esta comunicación y que las acciones Pubco Class A y las unidades de la compañía vinculadas al acuerdo no han sido registradas bajo la Securities Act. Reitera las advertencias regulatorias y que cualquier venta ocurriría solo mediante un prospecto conforme o una exención.

La sección de declaraciones prospectivas destaca riesgos clave, incluyendo condiciones de cierre, aprobación de los accionistas, posibles altas redenciones, incertidumbres de listado y la naturaleza volátil de Ether, señalando que el precio de las acciones de Pubco podría estar altamente correlacionado con Ether. Se indica a los inversores que lean los próximos materiales S-4/proxy cuando estén disponibles en el sitio web de la SEC.

Dynamix Corporation (DYNX)은 이전에 발표된 사업 결합 계약에 관한 규칙 425 통지를 제출했으며, 날짜는 2025년 7월 21일이고 The Ether Machine, Inc. 및 관련 계열사가 포함됩니다. 당사자들은 SPAC 주주가 제안된 거래에 투표하기 위한 프록시 진술/투자설명서를 포함하는 Form S-4를 제출할 계획입니다.

공지사항은 이 커뮤니케이션이 증권을 제안하지 않으며 계약에 연계된 Pubco Class A 주식 및 회사 유닛이 증권법에 따라 등록되지 않았다고 강조합니다. 규제 면책 조항을 반복하고 합법적 공시나 면제를 통해서만 매각이 이루어질 것이라고 명시합니다.

전망 진술 섹션은 마감 조건, 주주 승인, 잠재적 대규모 상환, 상장 불확실성 및 Ether의 변동성 등 주요 위험을 강조하며 Pubco의 주가가 Ether와 높은 상관관계를 보일 수 있음을 지적합니다. 투자자들은 SEC 웹사이트에서 이용 가능해지는 예정된 S-4/프록시 자료를 읽어보라고 안내합니다.

Dynamix Corporation (DYNX) a déposé une communication conformément à la Rule 425 concernant l'accord de fusion d’activités annoncé précédemment, en date du 21 juillet 2025, avec The Ether Machine, Inc. et les affiliés concernés. Les parties prévoient de déposer un Form S-4 qui comprendra une proxy statement/prospectus destiné aux actionnaires SPAC pour voter sur les transactions proposées.

L'avis souligne qu'aucun titre n'est offert par cette communication et que l'actions Pubco Class A et les unités de la société liées à l'accord n'ont pas été enregistrées en vertu du Securities Act. Il réitère les mentions réglementaires et que toute vente n'aurait lieu que par le biais d'un prospectus conforme ou d'une exemption.

La section des énoncés prospectifs met en évidence des risques clés, notamment les conditions de clôture, l'approbation des actionnaires, les éventuelles rachats élevés, les incertitudes de cotation et la volatilité d'Ether, notant que le cours de l'action Pubco pourrait être fortement corrélé à Ether. Les investisseurs sont invités à lire les prochains matériaux S-4/proxy disponibles sur le site de la SEC.

Dynamix Corporation (DYNX) hat eine Rule-425-Mitteilung bezüglich der zuvor angekündigten Vereinbarung zur Unternehmenszusammenführung vom 21. Juli 2025 mit The Ether Machine, Inc. und damit verbundenen Tochtergesellschaften eingereicht. Die Parteien planen, ein Form S-4 einzureichen, das eine Proxy-Statement/Prospekt für SPAC-Aktionäre enthalten wird, damit über die vorgeschlagenen Transaktionen abgestimmt werden kann.

Die Mitteilung betont, dass durch diese Kommunikation keine Wertpapiere angeboten werden und dass Pubco Class A-Aktien und die mit der Vereinbarung verbundenen Unternehmensanteile gemäß dem Securities Act nicht registriert sind. Sie bekräftigt regulatorische Hinweise und dass Verkäufe nur über einen konformen Prospekt oder eine Befreiung erfolgen würden.

Der Abschnitt zu zukunftsgerichteten Aussagen hebt wichtige Risiken hervor, darunter Closing-Bedingungen, Zustimmung der Aktionäre, potenziell hohe Rückkäufe, Börsenunwägbarkeiten und die volatilen Eigenschaften von Ether, wobei darauf hingewiesen wird, dass der Aktienkurs von Pubco stark mit Ether korreliert sein könnte. Investoren wird empfohlen, die künftigen S-4/Proxy-Materialien, sobald sie verfügbar sind, auf der Website der SEC zu lesen.

Dynamix Corporation (DYNX) قدمت إعلاناً وفق قاعدة Rule 425 بخصوص اتفاقية الدمج التجاري التي أُعلنت مسبقاً بتاريخ 21 يوليو 2025 مع The Ether Machine, Inc. والشركات التابعة ذات الصلة. تخطط الأطراف لتقديم نموذج S-4 الذي سيتضمن بيان توكيل/إكتتاب لمساهمي SPAC للتصويت على المعاملات المقترحة.

التنبيه يؤكد أنه لا يتم عرض أي أوراق مالية من خلال هذا التواصل وأن أسهم Pubco Class A والوحدات التابعة للشركة المرتبطة بالصفقة لم تُسجل بموجب قانون الأوراق المالية. وتكرر الإشعارات التنظيمية وأن أي بيع سيحدث فقط عبر نشرة اكتتاب مطابقة أو استثناء.

تسلط فقرة التصريحات المتوقعة الضوء على مخاطر رئيسية، بما في ذلك شروط الإغلاق، وموافقة المساهمين، واحتمالية وجود عوائد عالية، وعدم اليقين بشأن الإدراج وتقلب Ether، مع الإشارة إلى أن سعر سهم Pubco قد يكون مرتبطاً ارتباطاً عالياً بـ Ether. يُطلب من المستثمرين قراءة مواد S-4/Proxy القادمة عندما تتوفر على موقع SEC.

Dynamix Corporation (DYNX) 已就此前宣布的与 The Ether Machine, Inc. 及相关关联公司于 2025 年 7 月 21 日签署的业务合并协议提交了 Rule 425 通讯。各方计划提交一个 Form S-4,其中将包含供 SPAC 股东就拟议交易投票的代理声明/招股说明书。

通知强调本次通讯并未提供证券,且与交易相关的 Pubco Class A 股票和公司单位尚未根据证券法注册。它重申监管免责声明,任何销售仅通过合规的招股说明书或豁免情形进行。

前瞻性陈述部分强调了关键风险,包括完成条件、股东批准、潜在的高额赎回、上市不确定性,以及 Ether 的波动性,指出 Pubco 的股价可能与 Ether 高度相关。投资者请在材料公布时前往美国证券交易委员会(SEC)网站阅读即将发布的 S-4/投 proxy 材料。

Filed by Dynamix Corporation

pursuant to Rule 425 under the Securities Act of 1933, as amended,

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934, as amended

 

Subject Company: Dynamix Corporation

Commission File No.: 001-42414

 

As previously disclosed, on July 21, 2025, Dynamix Corporation (“SPAC”) and The Ether Machine, Inc., a Delaware corporation (“Pubco”) entered into a Business Combination Agreement, dated as of July 21, 2025, with ETH SPAC Merger Sub Ltd., a Cayman Islands exempted company, The Ether Reserve LLC, a Delaware limited liability company (the “Company”), Ethos Sub 1, Inc., a Delaware corporation and a wholly owned subsidiary of SPAC (“SPAC Subsidiary A”), Ethos Sub 2, Inc., a Delaware corporation and a wholly owned subsidiary of SPAC Subsidiary A (“SPAC Subsidiary B”), Ethos Sub 3, Inc., a Delaware corporation and a wholly owned subsidiary of SPAC Subsidiary B, and ETH Partners LLC, a Delaware limited liability company.

 

 

 

 

The following communications were posted after-market close by Andrejka Bernatova, Chief Executive Office of SPAC her LinkedIn and X accounts on October 16, 2025:

 

 

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Additional Information and Where to Find It

 

SPAC and Pubco intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which will include a preliminary proxy statement of SPAC and a prospectus of Pubco (the “Proxy Statement/Prospectus”) in connection with the proposed business combination (the “Business Combination”) and the other transactions contemplated by the Business Combination Agreement and/or described in this communication (together with the Business Combination and the private placement investments, the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of SPAC as of a record date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus. SPAC and/or Pubco will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF SPAC AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH SPAC’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT SPAC, THE COMPANY, PUBCO AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by SPAC and Pubco, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Dynamix Corp, 1980 Post Oak Blvd., Suite 100, PMB 6373, Houston, TX 77056; e-mail: info@regen.io, or to: The Ether Machine, Inc., 2093 Philadelphia Pike #2640, Claymont, DE 19703, e-mail: dm@etherreserve.com.

 

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NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

 

The Pubco Class A Stock to be issued by Pubco and the class A units issued and to be issued by the Company, in each case, in connection with the Proposed Transactions, have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

 

Participants in the Solicitation

 

SPAC, Pubco, the Company and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from SPAC’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, and information regarding their interests in the Business Combination and their ownership of SPAC’s securities are, or will be, contained in SPAC’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of SPAC’s shareholders in connection with the Business Combination, including the names and interests of the Company and Pubco’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by SPAC and Pubco with the SEC. Investors and security holders may obtain free copies of these documents as described above.

 

No Offer or Solicitation

 

This communication is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of SPAC, the Company or Pubco, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

 

Forward-Looking Statements

 

This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions and the parties thereto, including expectations, hopes, beliefs, intentions, plans, prospects, results or strategies regarding Pubco, the Company, SPAC and the Proposed Transactions and statements regarding the anticipated benefits and timing of completion of the Proposed Transactions, business plans and investment strategies of Pubco, the Company and SPAC, expected use of the cash proceeds of the Proposed Transactions, the Company’s ability to stake and leverage capital markets and other staking operations and participation in restaking, the amount of capital expected to be received in the Proposed Transactions, the assets held by Pubco, Ether’s position as the most productive digital asset, plans to increase yield to investors, any expected growth or opportunities associated with Ether, Pubco’s listing on an applicable securities exchange and the timing of such listing, expectations of Ether to perform as a superior treasury asset, the upside potential and opportunity for investors resulting from any Proposed Transactions, any proposed transaction structures and offering terms and the Company’s and Pubco’s plans for Ether adoption, value creation, investor benefits and strategic advantages. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

 

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These are subject to various risks and uncertainties, including regulatory review, Ethereum protocol developments, market dynamics, the risk that the Proposed Transactions may not be completed in a timely manner or at all, failure for any condition to closing of the Business Combination to be met, the risk that the Business Combination may not be completed by SPAC’s business combination deadline, the failure by the parties to satisfy the conditions to the consummation of the Business Combination, including the approval of SPAC’s shareholders, or the private placement investments, costs related to the Proposed Transactions and as a result of becoming a public company, failure to realize the anticipated benefits of the Proposed Transactions, the level of redemptions of SPAC’s public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A shares of SPAC or the shares of Pubco Class A Stock, the lack of a third-party fairness opinion in determining whether or not to pursue the Business Combination, the failure of Pubco to obtain or maintain the listing of its securities any stock exchange on which Pubco Class A Stock will be listed after closing of the Business Combination, changes in business, market, financial, political and regulatory conditions, risks relating to Pubco’s anticipated operations and business, including the highly volatile nature of the price of Ether, the risk that Pubco’s stock price will be highly correlated to the price of Ether and the price of Ether may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions, risks related to increased competition in the industries in which Pubco will operate, risks relating to significant legal, commercial, regulatory and technical uncertainty regarding Ether, risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, challenges in implementing its business plan including Ether-related financial and advisory services, due to operational challenges, significant competition and regulation, being considered to be a “shell company” by any stock exchange on which the Pubco Class A Stock will be listed or by the SEC, which may impact the ability to list Pubco’s Class A Stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities, the outcome of any potential legal proceedings that may be instituted against the Company, SPAC, Pubco or others following announcement of the Business Combination and those risk factors discussed in documents of the Company, Pubco, or SPAC filed, or to be filed, with the SEC.

 

The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of SPAC dated as of November 20, 2024 and filed by SPAC with the SEC on November 21, 2024, SPAC’s Quarterly Reports on Form 10-Q, SPAC’s Annual Report on Form 10-K filed with the SEC on March 20, 2025 and the registration statement on Form S-4 and proxy statement/prospectus that will be filed by Pubco and SPAC, and other documents filed by SPAC and Pubco from time to time with the SEC, as well as the list of risk factors included herein. These filings do or will identify and address other important risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Additional risks and uncertainties not currently known or that are currently deemed immaterial may also cause actual results to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and none of the parties or any of their representatives assumes any obligation and do not intend to update or revise these forward-looking statements, each of which are made only as of the date of this communication.

 

 

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FAQ

What is DYNX announcing in this Rule 425 filing?

Dynamix outlined its proposed business combination with The Ether Machine, Inc. and related entities, originally agreed on July 21, 2025.

Will there be an S-4 for the DYNX transaction?

Yes. The parties intend to file a Form S-4 containing a proxy statement/prospectus for SPAC shareholder voting on the proposed transactions.

Are any securities being offered in this communication?

No. The notice states it is not an offer or solicitation. Any offering would occur only via a compliant prospectus or exemption.

Where can DYNX investors find the transaction documents?

Once available, documents will be accessible on the SEC’s website at www.sec.gov, and via the company contact addresses listed.

What approvals or conditions are highlighted for the DYNX deal?

The combination requires SPAC shareholder approval and satisfaction of closing conditions; listing of Pubco securities is not assured.

What key risks are mentioned related to Ether?

The filing notes Ether’s high volatility and states Pubco’s stock price may be highly correlated to Ether’s price.

Who may participate in soliciting proxies for DYNX?

Directors and executive officers of SPAC, Pubco, and the Company may be deemed participants under SEC rules.
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