Aetherium Acquisition in a proxy filing plans to ask shareholders for a deadline extension that would push the SPAC's completion deadline to April 2024. In return for shareholder approval, the SPAC's sponsor would deposit 6.25 cents a share into trust for every additional month under the extension period.

The asia-focused SPAC raised $116.7 million in a July 2021 ipo to target EdTech companies. Read more.

Source: Aetherium Acquisition Wants to Put Another Year on the Deadline Clock