Aetherium Acquisition Corp. announced a private placement of an aggregate of 326,000 placement units, to be issued at a price of $10 per unit for gross proceeds of 3,260,000 on June 9, 2021. The company will issue 356,000 units for $3,560,000 if the option to purchase additional units is exercised in full.

The transaction will close simultaneously with the closing of the public offering. Each unit consists of one share of company's Class A common stock and one-half of one redeemable warrant. Only whole warrants are exercisable.

Each whole warrant entitles the holder thereof to purchase one share of company's Class A common stock at a price of $11.50 per share, subject to adjustment as described herein. The transaction will include participation from returning investor Aetherium Capital Holdings Llc. The warrants are redeemable in nature.

The warrants will not be transferable or saleable until 30 days after the completion of its initial business combination. The warrants exercisable on the later of on the completion of an initial business combination or 12 months from the closing of this offering. The warrants will expire at 5:00 p.m., New York City time, on the fifth anniversary of its completion of an initial business combination, or earlier upon redemption or liquidation.