AirAsia terminated its SPAC merger agreement with Aetherium Acquisition.

AirAsia, a Malaysian multinational low-cost airline, terminated its SPAC merger agreement with Aetherium Acquisition, a blank cheque company. "We were disappointed to learn via media reports that Capital A Berhad's board had unilaterally decided to terminate a business combination of its branding business, Capital A International, with Aetherium, a transaction that we believe would have unlocked substantial value for shareholders. This decision, following months of delays by Capital A International in filing the F-4 registration statement that had been prepared, is very concerning. We look forward to learning more and will take all reasonable steps to seek a positive resolution for the shareholders of both companies," Lim How Teck, Aetherium Independent Director.