(Reuters) – Air Asia parent Capital A Berhad on Wednesday said it plans to list on the Nasdaq by entering into a deal with a special purpose acquisition company Aetherium Acquisition Corp.
Under the deal, Aetherium Acquisition will acquire all the issued and outstanding share capital of Capital A International, resulting in the formation of a new listed entity.
Aetherium Acquisition will ascribe to Capital A International for an indicative equity value of $1 billion alongside additional net cash proceeds.
Capital A expects to record a one-off gain from the proposed combination, it added.
(Reporting by Nausheen Thusoo in Bengaluru; Editing by Mrigank Dhaniwala and Sonia Cheema)
