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Receives Letter of Termination of Business Combination Agreement","url":"https://stock-news.laohu8.com/highlight/detail?id=2479407615","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2479407615?lang=en_us&edition=fundamental","pubTime":"2024-10-29 21:13","pubTimestamp":1730207580,"startTime":"0","endTime":"0","summary":"GREENWICH, Conn., Oct. 29, 2024 /PRNewswire/ -- Aetherium Acquisition Corp.   announced today that it received written notice from Capital A Berhad stating that it has elected to unilaterally terminate the business combination agreement dated February 28, 2024, entered into between Capital A Berhad, the Company and other parties named therein . The Company was not made aware of Capital A Berhad's decision prior to it receiving notice.The termination was made with reference to Section 9.1 of the Business Combination Agreement and relating to Aetherium previously receiving a written determination by Nasdaq to delist Aetherium's securities for failure to meet a continued listing standard. Capital A's management understood the basis for Aetherium's continued non-compliance, which resulted from Capital A's delays in timely completing Form F-4 to submit to the SEC. 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