Aetherium Acquisition announced that the stockholders meeting will be postponed until March 28 to procure additional votes for the Trust Amendment Proposal. The SPAC amended the proposal to delete the permission to withdraw funds from the trust account to pay for excise taxes.
Aetherium has a $1.15 billion merger agreement with Capital A (CAPI). The target leverages the expansion, management and licensing of the AirAsia brand, and serves as a global marketing catalyst for Asean brands.
A completion date is set for Dec. 31, after which either side can terminate the deal.
Capital A 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.
Aetherium had just under $30 million in its trust as of November last year. Read more.
