Capital A to list on Nasdaq via SPAC deal (updated)

Aetherium Acquisition

01/11/2023 11:01

(Adds details about acquisition in paragraphs 2-5)
       Nov 1 (Reuters) - Air Asia parent Capital A Berhad
 CAPI.KL  on Wednesday said it plans to list on the Nasdaq by
entering into a deal with a special purpose acquisition company
Aetherium Acquisition Corp  GMFI.O . 
    Under the deal, Aetherium Acquisition will acquire all the
issued and outstanding share capital of Capital A International,
resulting in the formation of a new listed entity.
    Aetherium Acquisition will ascribe to Capital A
International for an indicative equity value of $1 billion
alongside additional net cash proceeds. 
    Capital A expects to record a one-off gain from the proposed
combination, it added. 

 (Reporting by Nausheen Thusoo in Bengaluru; Editing by Mrigank
Dhaniwala and Sonia Cheema)
 ((Nausheen.Thusoo@thomsonreuters.com;))