공지 • Jun 22
Aetherium Acquisition Corp.(NasdaqGM:GMFI) dropped from NASDAQ Composite Index Aetherium Acquisition Corp. has been removed from NASDAQ Composite Index (^COMP) . 공지 • Apr 02
Aetherium Acquisition Corp. announced delayed annual 10-K filing On 04/01/2024, Aetherium Acquisition Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공지 • Nov 04
Capital A Explores Business Combination between Aetherium Acquisition and Capital A International to List on Nasdaq Capital A Berhad (KLSE:CAPITALA) has entered into a letter of intent with Aetherium Acquisition Corp. (NasdaqGM:GMFI), a special purpose acquisition corporation (SPAC) listed on the Nasdaq in the United States. The letter of intent outlines a proposed business combination between GMFI and Capital A International (CAPI), a special purpose corporation to be formed by Capital A. This combination will involve GMFI acquiring all the issued and outstanding share capital of CAPI, resulting in CAPI becoming a new publicly listed company on the Nasdaq. Capital A's decision to enter into this agreement is part of its plan to regularise its financial condition after triggering the criteria under Practice Note 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia Securities Bhd. The proposed business combination is expected to enable Capital A to unlock the value of the AirAsia brand and improve its shareholders' equity. CAPI's intended principal business is to be an ASEAN-based investment and strategic development firm leveraging the AirAsia trade name and brand image. The proposed business combination is contingent on the signing of a definitive agreement and the satisfaction of various conditions, including approvals from regulatory authorities and shareholders. Upon completion, the group will have exposure to the US capital markets through the Nasdaq. The agreement outlines key terms and conditions, including the indicative equity value of USD 1 billion for CAPI. The parties aim to complete the proposed business combination within three months from the execution of the letter of intent. However, the completion of the proposal carries non-completion risks and potential loss of income for Capital A, as it would lose royalty income from the AirAsia brand. The letter of intent is non-binding, and the agreement can be terminated under certain circumstances. 공지 • Aug 17
Aetherium Acquisition Corp. announced delayed 10-Q filing On 08/15/2023, Aetherium Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • May 29
Aetherium Acquisition Receives Notice Regarding Late Form 10-Q Filing from The Nasdaq Stock Market LLC On May 26, 2023, Aetherium Acquisition Corp. announced that it received a notice (the ‘Notice’) on May 23, 2023 from The Nasdaq Stock Market LLC (‘Nasdaq’) stating that the company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the ‘Listing Rule’) because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the ‘Form 10-Q’) with the Securities and Exchange Commission (the ‘SEC’). The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Market. The Notice states that the Company has 60 calendar days from the date of the Notice, or July 24, 2023, to submit a plan to regain compliance with the Listing Rule. If Nasdaq accepts the Company's plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 10-Q, or November 20, 2023, to file the Form 10-Q to regain compliance. The Company continues to work diligently to finalize its Form 10-Q and plans to file its Form 10-Q as promptly as possible to regain compliance with the Listing Rule. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires disclosure of receipt of a deficiency notification. 공지 • May 24
Aetherium Acquisition Receives Written Notice from Nasdaq Regarding Non-Compliance with the Continued Listing Requirement to Maintain Minimum Market Value of Listed Securities On May 10, 2023, Aetherium Acquisition Corp. received written notice from the Listing Qualifications department (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) that the Company was not in compliance with the continued listing requirement to maintain a minimum Market Value of Listed Securities (‘MVLS’) of $50,000,000, as set forth in Nasdaq Listing Rule 5450(b)(2)(A). In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has a period of 180 calendar days, or until November 6, 2023, to regain compliance with the minimum MVLS requirement. To regain compliance, the minimum MVLS of the Company’s common stock is required to meet or exceed $50,000,000 for at least ten consecutive business days during this 180 calendar day compliance period. In the event that the Company does not regain compliance within the 180 calendar day compliance period, the Company may be eligible to transfer to the Nasdaq Capital Market (the ‘Capital Market’) prior to the expiry of this period, provided that it satisfies the requirement for continued listing on the Capital Market. There can be no assurance that the Company will be able to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A), or maintain compliance with any other listing requirements to maintain its current listing on the Nasdaq Global Market or satisfy the requirements necessary to transfer the listing of its common stock to the Capital Market. The MVLS notice is a notification of deficiency, not of delisting, and has no immediate effect on the listing of the Company’s securities on Nasdaq. If it appears to the Staff that the Company will not be able to cure the deficiency prior to November 6, 2023, the Staff will provide written notice to the Company that its common stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Nasdaq Hearing Panel (the ‘Panel’). The Company expects that its stock would remain listed pending the Panel’s decision. There can be no assurance that, if the Company does appeal the Staff’s delisting determination to the Panel, such appeal would be successful. The Company intends to actively monitor the MVLS for the Company’s common stock and will consider available options to resolve the deficiency and regain compliance with Nasdaq Listing Rule 5450(b)(2)(A). 공지 • May 16
Aetherium Acquisition Corp. announced delayed 10-Q filing On 05/15/2023, Aetherium Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • Nov 16
Aetherium Acquisition Corp. announced delayed 10-Q filing On 11/15/2022, Aetherium Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • Jul 29
Aetherium Acquisition Corp. Innovates SPAC Management Implementing the Covq Value Creation System Developed by 8W8 Global Business Builders Aetherium Acquisition Corp. announced that it has begun implementation of the Compound Value Creator Quotient “CovQ”) platform to accelerate the execution of its post-IPO De-SPAC processes including the identification of potential acquisition targets and business combination activities. The company’s executive team also plans to use CovQ to manage the value creation strategies together with the business combination targets of their current and subsequent SPACs. CovQ is an integrated business building suite of services encompassing a method, framework, know-how, and management expertise to deliver compound value creation embedded in a powerful and efficient SaaS platform for strategy execution, reporting, executive alignment and collaboration. SPACs, otherwise known as “blank-check companies”, created for the purpose of merger or acquisition opportunities, are often thought of as not requiring comprehensive management systems since the SPAC managers do not participate in a target company’s operations.