Ether Machine to List on Nasdaq Via SPAC With $1.5B Backing

Description

A new ether investment vehicle is set to debut on the Nasdaq with an expected 400,000 ETH ($1.53 billion) on its balance sheet. The Ether Reserve will list on the Nasdaq via a merger with special purpose acquisition company (SPAC) Dynamix Corporation (DYNX). The combined entity will be named The Ether Machine and trade under the ticker ETHM, according to an announcement on Monday . DYNX shares jumped over 30% to trade at around $13.40 in pre-market trading on Monday. The Ether Machine is positio...