m_and_a
confidence high
sentiment neutral
materiality 0.85
Dynamix SPAC signs definitive merger with The Ether Reserve; up to 8M earnout shares
Dynamix Corp
- SPAC Dynamix (DYNX) to merge with The Ether Machine / The Ether Reserve in a deal with fixed + variable consideration.
- Seller (ETH Partners) receives 4,033,333 Pubco Class A shares and 4,985,000 private warrants, plus up to 600,000 more based on SPAC VWAP.
- Up to 8,000,000 earnout shares to seller if Pubco stock hits $11/$13/$15/$17 thresholds post-close.
- Sponsor forfeits an equal number of Pubco shares and warrants to offset additional merger consideration.
- Underwriters get $500K cash fee and forfeit 2,070,000 SPAC private warrants; Equity PIPE in Ether and cash required.
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