Transaction Overview

The NexaPay Holdings merger represents Aetherium Acquisition Corp’s flagship business combination, bringing a leading Southeast Asian digital payments platform to NASDAQ. NexaPay processes over forty million monthly transactions across Singapore, Indonesia, and Vietnam, serving both consumer and enterprise segments with an integrated payments infrastructure.

Deal Structure

Aetherium structured the transaction as a reverse merger with a concurrent PIPE raise of one hundred and ten million dollars from a syndicate of global institutional investors. The deal included a three-year earnout provision tied to revenue milestones, aligning management incentives with long-term shareholder value creation. Trust redemptions were limited to twelve percent, reflecting strong investor conviction in the combined entity’s growth trajectory.

Strategic Rationale

NexaPay’s market position at the intersection of digital payments and embedded finance made it an ideal candidate for U.S. public market listing. The company’s proprietary infrastructure connects over six thousand merchants with multiple payment rails, including real-time bank transfers, digital wallets, and buy-now-pay-later solutions. Access to NASDAQ capital markets provides NexaPay with the resources and visibility to accelerate geographic expansion into Thailand and the Philippines.

Outcome

The combined entity commenced trading on NASDAQ under a new ticker symbol, with a market capitalization exceeding five hundred million dollars on the first day of trading. NexaPay’s management team retained substantial equity in the public company, and the transaction was completed within fourteen months of Aetherium’s IPO, well ahead of the statutory deadline.