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Aetherium Acquisition Corp. Announces Closing of $115 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option

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Greenwich, Connecticut – (NewMediaWire) – January 03, 2022 – Aetherium Acquisition Corp. (NASDAQ:
GMFIU, the “Company”) today announced the closing of its initial public
offering of 11,500,000 units at an offering price of $10.00 per unit, with each
unit consisting of one share of Class A common stock and one redeemable warrant
(the “IPO”). This includes the exercise in full by the underwriters of their
over-allotment option to purchase an additional 1,500,000 units. Each
redeemable warrant entitles the holder thereof to purchase one share of Class A
common stock at a price of $11.50 per share.

The
units are listed on The Nasdaq Global Market (“Nasdaq”) and began trading under
the ticker symbol “GMFIU” on
December 30,
2021
. Once the
securities comprising the units begin separate trading, the Class A common
stock and the warrants are expected to be traded on Nasdaq under the symbols “GMFI”
and “GMFIW,” respectively.  

As
of January 3, 2022, a total of $116,725,000 of the net proceeds from the IPO
and the private placement of private units to the Company’s sponsor, were
deposited in a trust account established for the benefit of the Company’s
public stockholders.

EF
Hutton, division of Benchmark Investments, LLC, acted as the sole book-running
manager for the IPO.

A
registration statement relating to these securities was declared effective by
the U.S. Securities and Exchange Commission on
December 29, 2021.
The offering is being made only by means of a prospectus, copies of which may
be obtained from
EF
Hutton, division of Benchmark Investments LLC, 590 Madison Ave, 39th Floor, New
York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com
or telephone at (212) 404-7002,
or
by visiting EDGAR on the SEC’s website at www.sec.gov.

This
press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

About
Aetherium Acquisition Corp.

The
Company is a blank check company, also commonly referred to as a special
purpose acquisition company, or SPAC, formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or other similar business combination with one or more
businesses.  The Company’s efforts to
identify a prospective target business will not be limited to a particular
business, industry, sector or geographical region, although the Company intends
to focus on businesses in the education, training and education technology
industries, specifically in Asia (excluding China). The Company is led by Jonathan
Chan, the Company’s Chairman of the Board and Chief Executive Officer, and Alex
Lee, the Company’s Chief Financial Officer.

Forward-Looking
Statements

This press release
includes forward-looking statements that involve risks and uncertainties.
Forward looking statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward looking statements. The Company
expressly disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect thereto or any
change in events, conditions or circumstances on which any statement is based.

Contact:

For
investors:

Jonathan
Chan

Chairman of
the Board and Chief Executive Officer

Aetherium
Acquisition Corp.

79B Pemberwick Rd.

Greenwich,
CT 06831

Email: jc@vigilant-assets.com

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