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.