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

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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The post Aetherium Acquisition Corp. Announces Closing of $115 Million Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option first appeared on Smallcaps Daily.

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