Aetherium Acquisition appoints three new independent directors to board

Aetherium Acquisition Corp (NASDAQ:GMFIU) announced the appointment of three new independent directors to its board on Monday. The appointments, disclosed in a press release statement and detailed in a filing with the Securities and Exchange Commission, follow the resignations of former independent directors Mariana Kou and Charles Abelmann in November 2024. The company stated that the previous resignations were for personal reasons and not related to disagreements regarding company operations or policies.

The three new directors are Jeffrey Chi, Ph.D., Ling Yew Kong, and Shantanu Jha. According to the filing, each new director meets the independence standards required for audit committee service under SEC regulations. The company confirmed there are no family relationships or arrangements involving the new directors that influenced their selection.

On Wednesday, Aetherium entered into indemnity agreements with each new director, granting them contractual indemnification and expense advancement in connection with their service on the board. The new directors also joined existing letter and registration rights agreements with the company and its sponsor, Aetherium Capital Holdings LLC.

As part of their appointments, each new independent director will receive 30,000 founder shares from the sponsor. Continuing independent director Lim How Teck will receive an additional 20,000 founder shares.

Jeffrey Chi, Ph.D., is noted for his experience in venture capital and has previously served as Chairman and CEO of Vickers Vantage Corp. I and as an independent director at Aardvark Therapeutics (NASDAQ:AARD). Ling Yew Kong brings over 30 years of experience in private equity, corporate finance, and public company board service, including executive roles at Singapore and Malaysia-based firms. Shantanu Jha is the Chief Investment Officer of Beaconsfield Capital Management and has held leadership roles in technology and investment firms.

Aetherium Acquisition Corp is incorporated in Delaware and is classified as a blank check company. Its securities, including units, Class A common stock, and warrants, are listed under the symbols GMFIU, GMFI, and GMFIW on NASDAQ. The information in this article is based on a press release statement and the company’s SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.