Summary
- The Ether Machine said it secretly filed a merger registration statement with the SEC to pursue listing on the U.S. stock market.
- The listing is expected to be completed within the year through a merger process with Nasdaq-listed SPAC Dynamics Corporation.
- Ether Machine said its Ethereum holdings are about 495,362 ETH, ranking third in the industry.
The Ether Machine, an Ethereum (ETH) reserve company, is pursuing a listing on the U.S. stock market.
On the 17th (local time), Ether Machine said on its official X (formerly Twitter) that "it secretly filed a merger registration statement (S-4) with the U.S. Securities and Exchange Commission (SEC)" and that "it will become a publicly listed Ethereum reserve company."
The filing is part of the merger process with Nasdaq-listed special purpose acquisition company (SPAC) Dynamics Corporation (ticker: ETHM). The deal is expected to be completed within the year, with only certain procedures such as shareholder approval remaining.
Meanwhile, Ether Machine's Ethereum holdings are about 495,362 ETH, making it the third largest corporate reserve after Bitmine and Sharplink Gaming.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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