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Greenwich, CT – 
check company incorporated in Delaware (the “Company”), today announced the
pricing of its initial public offering (the “IPO”) of 10 million 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. 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 expected to trade on The Nasdaq Global Market (“Nasdaq”) under the
ticker symbol “GMFIU” beginning December 30,
2021. The Company
expects the initial public offering to close on January 3, 2022,
subject to customary closing conditions. 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.
EF
Hutton, division of Benchmark Investments, LLC, is acting as the sole book-running
manager for the IPO. The Company has granted the underwriters a 45-day option
to purchase up to 1,500,000 additional units at the IPO price to cover
over-allotments, if any.
A
registration statement relating to the securities sold in the IPO 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. When available, copies of the prospectus related to this offering
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
contains statements that constitute “forward-looking statements,” including
with respect to the IPO and search for an initial business combination. No
assurance can be given that the offering discussed above will be completed on
the terms described, or at all, or that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company, including
those set forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the IPO filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes after the date
of this release, except as required by law.
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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