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Aetherium Acquisition Corp. Prices $100 Million Initial Public Offering

Greenwich, CT – (NewMediaWire) – December 29, 2021 – Aetherium Acquisition Corp., a newly organized blank

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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