Special purpose acquisition company Aetherium Acquisition Corp. (Nasdaq: GMFIU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$100 million in its initial public offering, which is expected to close on January 3, 2022.

The offering consists of 10.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share and one purchase warrant, redeemable for one share at US$11.50 per share.

The company units trade on the Nasdaq big board under the symbol “GMFIU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “GMFI” and “GMFIW”, respectively.

The proposed offering is being managed by EF Hutton as the sole bookrunner, which the company granted a 45-day over-allotment option to purchase additional 1.5 million company units at the same IPO price.

The blank check company is led by Jonathan Chan, the founder and CEO of Singapore-based edtech platform Jules Corporation and the founder and managing director of investment advisory firm Vigilant Assets. For its target business combinations, the firm is looking to transact with firms in the education, training, and education technology industries, specifically in Asia (excluding China).

Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.