AirAsia Parent Capital A to List Brand Management Unit on Nasdaq via Aetherium Acquisition Combination


Air Asia parent Capital A Berhad CAPI.KL today said it plans to list on the Nasdaq by entering into a deal with Aetherium Acquisition.

Under the deal, Aetherium will acquire all the issued and outstanding shares of Capital A International, resulting in the formation of a new listed entity.

Rumors of an imminent deal announcement were first reported last week.

Aetherium Acquisition will ascribe to Capital A International an indicative equity value of $1 billion alongside additional net cash proceeds. Capital A Berhad, the parent of AirAsia, also plans to raise more than $1 billion in debt and equity.

Capital A expects to record a one-off gain from the proposed combination, Reuters reports.

Aetherium has $29.99 million in its trust. Read more.

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