Aetherium Acquisition Corp. Responds to Nasdaq Notice with Compliance Initiatives

GREENWICH, Conn., July 01, 2024 – Aetherium Acquisition Corp. GMFI, a company headquartered in Greenwich, Connecticut, has disclosed an important development in its ongoing compliance efforts with The Nasdaq Stock Market LLC ("Nasdaq"). In a statement released to the press, Aetherium announced that it had received a formal notification from Nasdaq on June 18, 2024, which was also detailed in a Form 8-K filing.

Nasdaq's Compliance Notice and Aetherium's Strategy

The communication from Nasdaq was centered around compliance and the maintenance of listing standards. According to Nasdaq, GMFI had not met certain criteria set forth by the exchange, which prompted a hearing before the Nasdaq Hearings Panel (the "Panel"). The company outlined its plan to address the issues raised by Nasdaq and reaffirmed its commitment to fulfilling all necessary requirements to maintain its listing on the exchange.

Aetherium's Path Forward

Aetherium emphasized its proactive approach to align with Nasdaq's policies, underscoring its dedication to transparency and good governance. The company has outlined steps it plans to take and is working closely with legal and financial advisors to meet compliance standards. The specifics of the plan remain under consideration, and further details are expected to be provided as the process unfolds.

Greenwich, Compliance, Nasdaq