Capital A International, Owner of the Iconic AirAsia Brand, to be Publicly Listed in the U.S. through Business Combination with Aetherium Acquisition Corp

Capital A Berhad (“Capital A”), (Kuala Lumpur Stock Exchange: 5099.KL), announced on Wednesday, February 28, that it had finalized a business combination agreement with Aetherium Acquisition Corp (Nasdaq: GMFI), a Special Purpose Acquisition Company (“SPAC”), to list Capital A International (“CAPI”) in the U.S. public markets. CAPI leverages the expansion, management and licensing of the AirAsia brand, and serves as a dynamic global marketing catalyst for Asean brands. The transaction also offers investors a gateway to participate in a fast-growing economic hub, on track to become the world’s fourth largest economy by 2030.

The transaction has a proposed value of US$1.15 billion.

Rimon advised Aetherium Acquisition Corp on the deal.  The Rimon team was led by Partner, Debbie Klis, with support from Ben Aguilera, Ivan Komaritsky, Victoria Yang, David E. Case, Craig Tanner, John Isaza, and Roy Gillig.

Congratulations to Aetherium Acquisition Corp and the Rimon team!

Read the press release here

This deal has been extensively covered by the media. Read the coverage here:

Wall Street Journal


The Star

Markets Insider




Rimon’s Special Purpose Acquisition Company (SPAC) professionals utilize their capital markets, M&A, private equity, public company, securities and tax experience to deliver full-service advice and representation to SPACs, their sponsors, target companies, underwriters, and related M&A participants in initial public offerings (IPOs), including on Nasdaq, NYSE, and other major stock markets, as well as in subsequent business combinations (de-SPACs) and acquisitions, and with PIPEs, SEPAs, and more. We leverage our thorough understanding of SPACs and significant transactional experience with a multitude of de-SPAC transactions, and domestic and cross-border transaction structures, to guide companies and investors through the complete SPAC lifecycle from due diligence to corporate governance for new publicly-traded companies. Read more here.