Ethereum treasury firm The Ether Machine announced Tuesday that it has submitted a draft registration on Form S-4 to the Securities and Exchange Commission to advance its goal to go public in the U.S.
"We're shifting into the next gear, and officially on its path to full public form," the company wrote in a post on social media platform X.
An S-4 filing is used to register securities issued in business combinations, mergers, or acquisitions. For The Ether Machine, the draft registration relates to the proposed business combination with special-purpose acquisition company Dynamix Corporation, which is trading on the Nasdaq under ticker symbol ETHM.
The Ether Machine announced the plan to go public via business merger back in July, where it stated that it expects to close the deal in the fourth quarter.
The deal, subject to customary closing conditions including Dynamix shareholder approval, will be voted on at the upcoming extraordinary general meeting, the company announced.
Meanwhile, The Ether Machine announced earlier this month that it raised 150,000 ETH for its corporate treasury in August, bringing its total holdings to 495,362 ETH. According to data from SER, The Ether Machine is currently the third largest corporate holder of ETH, behind Bitmine Immersion Tech and SharpLink Gaming.
