Core Viewpoint - Aetherium Acquisition Corp. announced the unilateral termination of its business combination agreement with Capital A Berhad, which was unexpected for the company [1][2]. Group 1: Termination Details - Capital A Berhad terminated the business combination agreement citing Section 9.1(h) due to Aetherium's non-compliance with Nasdaq's continued listing standards [2]. - The termination was influenced by delays in Capital A's submission of Form F-4 to the SEC, which Aetherium had been waiting for to complete the business combination [2][3]. Group 2: Company Response - Aetherium's Board views the termination as not acting in good faith, as they had received reassurances from Capital A regarding the completion of the business combination prior to the notice [3]. - The company plans to engage with Capital A's management to investigate whether Bursa Malaysia was obstructing the transaction [4]. Group 3: Stakeholder Reactions - An independent director of Aetherium expressed disappointment over the termination, highlighting the potential value the business combination could have unlocked for shareholders [5].
Aetherium Acquisition Corp. Receives Letter of Termination of Business Combination Agreement