Capital A (CAPITALA) has terminated its proposed merger with Aetherium Acquisition amid concerns over the latter's potential delisting from Nasdaq.
The termination came after Aetherium failed to comply with Nasdaq's listing rules, despite its appeal against the delisting, according to a Wednesday Malaysian bourse filing.
The deal, which was aimed at facilitating Capital A's public listing in the U.S., has now been aborted.
The termination is not expected to have a significant financial impact on the company earnings.
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