Aetherium Acquisition, a blank check company targeting the education and edtech industries in Asia, filed on Wednesday with the SEC to raise up to $100 million.
The Greenwich, CT-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Aetherium Acquisition would command a market value of $128 million.
The company is led by Co-CEO and Chairman Jonathan Chan, the founder and Managing Partner of Vigilant Assets and the founder and CEO of education technology company Jules Corporation, and Co-CEO and Vice Chairman David Kopp, a Managing Director of Vigilant Assets. The company plans to target businesses in the education, training, and education technology (edtech) industries, focusing on those in Asia with enterprise values between $200 million and $1 billion.
Aetherium Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol VIEDU. EF Hutton is the sole bookrunner on the deal.
