SPAC Aetherium Acquisition files for a $100 million IPO, targeting education in Asia

Aetherium Acquisition, a blank check company targeting the education and edtech industries in Asia, filed on Wednesday with the SEC to raise up to $100 million.

The Greenwich, CT-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Aetherium Acquisition would command a market value of $128 million.

The company is led by Co-CEO and Chairman Jonathan Chan, the founder and Managing Partner of Vigilant Assets and the founder and CEO of education technology company Jules Corporation, and Co-CEO and Vice Chairman David Kopp, a Managing Director of Vigilant Assets. The company plans to target businesses in the education, training, and education technology (edtech) industries, focusing on those in Asia with enterprise values between $200 million and $1 billion.

Aetherium Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol GMFIU. EF Hutton is the sole bookrunner on the deal.

July 21, 2021

Original Link at Renaissance Capital Here

Edit: previous ticker symbol was VIEDU, profile and website updated to GMFIU