Transaction Overview

Aetherium advised VeriChain Logistics on its path to NASDAQ through a SPAC business combination, marking the first Vietnamese-headquartered supply chain technology company to achieve a U.S. public listing. VeriChain’s blockchain-enabled logistics platform provides real-time visibility, authentication, and compliance tracking for cross-border shipments across the ASEAN corridor.

Deal Structure

The merger was structured with a two hundred million dollar pre-money enterprise valuation and a fifty million dollar PIPE commitment from a consortium of logistics-focused private equity funds and strategic investors. Aetherium introduced a milestone-based earnout structure tied to gross merchandise volume targets, providing up to forty million dollars in additional consideration to VeriChain’s founders over a three-year period following the business combination.

Strategic Rationale

Vietnam’s logistics sector represents a high-growth segment within the broader ASEAN supply chain ecosystem, with cross-border e-commerce volumes increasing at over thirty percent annually. VeriChain’s technology addresses critical pain points in shipment authentication and regulatory compliance, particularly for pharmaceutical and agricultural products moving between Vietnam, Thailand, and Singapore. A NASDAQ listing positions VeriChain to win contracts with multinational corporations seeking verified, technology-enabled logistics partners in the region.

Outcome

The transaction received shareholder approval with over ninety percent of votes cast in favor. VeriChain’s stock has maintained stable trading above the trust value, and the company has leveraged its public company status to secure partnerships with two global pharmaceutical distributors operating in Southeast Asia.