Aetherium Acquisition Corp $100M IPO

Published on March 15, 2023

Aetherium Acquisition Corp $100M IPO

Successfully priced and completed a $100 million initial public offering on NASDAQ, establishing Aetherium as a leading SPAC focused on Southeast Asian technology companies.

Client

Aetherium Acquisition Corp

Practice

capital-markets-advisory

Jurisdiction

NASDAQ / SEC

Value

$100,000,000

Result

IPO priced at $10.00 per unit, fully subscribed with strong institutional demand.

Category

IPO

Meet the legal team

Attorneys Involved

Our attorneys bring deep expertise and dedication to every case. Learn more about the professionals who guided this matter to a successful resolution, each contributing specialized skills and strategic insight to deliver results for our client.

Jonathan Chan portrait

Jonathan Chan

Chairman & CEO

Greenwich Office

SPAC StructuringCapital MarketsCross-Border M&A
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Alex Lee portrait

Alex Lee

Chief Financial Officer

Greenwich Office

Financial ReportingSEC ComplianceAudit & Controls
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Client Testimonial

"Aetherium's IPO was one of the most well-executed SPAC offerings we have brought to market, with exceptional institutional interest and a clear strategic thesis."

— Lead Underwriter, Managing Director

Transaction Overview

Aetherium Acquisition Corp completed its initial public offering on NASDAQ in March 2023, raising $100 million through the sale of 10,000,000 units at $10.00 per unit. Each unit consisted of one share of Class A common stock and one-half of one redeemable warrant.

The offering was led by a syndicate of top-tier investment banks and was fully subscribed within the first day of marketing, reflecting strong institutional confidence in the management team’s ability to identify and execute a compelling de-SPAC transaction in the Southeast Asian technology sector.

Offering Structure

  • Units Offered: 10,000,000 at $10.00 per unit
  • Warrant Coverage: One-half warrant per unit, exercisable at $11.50
  • Over-Allotment: 1,500,000 additional units (greenshoe) fully exercised
  • Trust Account: Proceeds deposited in interest-bearing trust pending business combination

Market Reception

The IPO attracted a diversified investor base spanning long-only institutions, hedge funds, and SPAC-specialist funds. The management team’s combined experience in Asian capital markets and technology investing was cited as a key differentiator in investor feedback.

Strategic Positioning

The IPO positioned Aetherium as one of the first SPACs with an explicit mandate to target technology companies in ASEAN markets for listing on NASDAQ, addressing a gap in the market for efficient public listing pathways for high-growth Southeast Asian technology businesses.