Greenwich, CT — March 15, 2023 — Aetherium Acquisition Corp (NASDAQ: AETH.U) today announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable for one share of Class A common stock at $11.50 per share.
Offering Highlights
- Total Gross Proceeds: $100 million (before exercise of over-allotment option)
- Units Priced: 10,000,000 at $10.00 per unit
- Listing: NASDAQ under the symbols AETH.U, AETH, and AETHW
- Over-Allotment: Underwriters granted a 45-day option to purchase up to 1,500,000 additional units
The offering was fully subscribed with strong participation from institutional investors, including long-only funds, hedge funds, and SPAC-specialist investors.
“We are pleased with the strong reception our IPO has received from the institutional investment community,” said Jonathan Chan, Chairman and CEO. “The proceeds from this offering will position Aetherium to pursue our strategy of identifying and merging with a high-growth technology company in Southeast Asia for listing on NASDAQ.”
The offering is expected to close on March 17, 2023, subject to customary closing conditions.
About Aetherium Acquisition Corp
Aetherium Acquisition Corp is a blank-check company formed for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination with one or more technology-driven businesses in Southeast Asia. The company is led by a management team with deep experience in capital markets, technology investing, and Asian business operations.