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Highlights
- Aetherium Acquisition will make its US stock market debut on Thursday.
- It has priced the IPO at US$10 per share.
- The company is offering 10 million shares in the IPO.
The blank check company Aetherium Acquisition Corp. is all set to make its US stock market debut on Thursday, Dec 30. The company announced the pricing of its IPO on Wednesday.
The Aetherium Acquisition IPO
The Greenwich, Connecticut-based company is offering 10 million shares. Each unit comprises one share of Class A common stock and one redeemable warrant.
In addition, the company is offering a 45-day option for underwriters to purchase up to 1.5 million additional units at the IPO price to cover over-allotments, if any.
Each share will cost US$10, and each redeemable warrant entitles the holder to buy one share of Class A common stock for US$11.50 per share.
Aetherium Acquisition, a special purpose acquisition company (SPAC), was formed to effect a merger, asset acquisition, or other business activities with one or more businesses.
Although it has not targeted a business, industry, or sector yet, it has plans to explore companies in the education, training, and related sectors, especially in Asia (excluding China).
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The company is led by its Chairman and CEO Jonathan Chan and CFO Alex Lee.
Interested buyers can purchase the stocks once they start trading on the exchange.
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Aetherium Acquisition to trade on Nasdaq
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Aetherium Acquisition is expected to start trading on the Nasdaq Global Market (NASDAQ) on Dec 30, 2021, under the ticker symbol "GMFIU".
The initial public offering is expected to close on Jan 3, 2022, subject to closing conditions.
The Class A common stock and the warrants will trade under the ticker symbols "GMFI" and "GMFIW", respectively, the company said.
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Bottomline
The sole book-running manager for the IPO is EF Hutton, a division of Benchmark Investments, LLC. A registration statement related to the securities sold in the offering was declared by the US Securities and Exchange Commission (SEC) on Dec 29.
