Capital A seeking Nasdaq monetisation

Fernandes said the proposal represents Capital A’s first step in venturing out of its Asean home ground. — Bloomberg

PETALING JAYA: Capital A Bhd has signed a letter of intent (LoI) with Nasdaq-listed special-purpose acquisition company (SPAC) Aetherium Acquisition Corp (GMFI) for a proposed business combination involving GMFI and Capital A International (Capi), a special-purpose entity to be formed by the group.

The forming of Capi would be according to the laws of the Cayman Islands, and the proposed business combination would entail the acquisition of all the issued and outstanding share capital of Capi by GMFI, resulting in Capi becoming a new publicly listed company on Nasdaq.