TechBridge Asia $250M Merger

Transaction overview

Aetherium identified TechBridge Asia, a Singapore-headquartered enterprise SaaS platform serving over 2,000 mid-market customers across Indonesia, Vietnam, Thailand, and the Philippines, as its de-SPAC target. The $250 million business combination represented one of the largest SPAC mergers involving a Southeast Asian technology company on NASDAQ.

Our approach

The transaction required coordinating regulatory approvals across four jurisdictions while managing a complex capital structure that included PIPE financing, earnout provisions, and founder rollover equity. Our team conducted extensive financial, legal, and technical due diligence over a five-month period, leveraging our on-the-ground presence in Singapore to maintain deal velocity.

The result

The merger closed with 94.2% shareholder approval and minimal trust redemptions, a testament to the quality of the target and the strength of the investor communications program. TechBridge Asia began trading on NASDAQ under a new ticker, with a well-capitalized balance sheet to accelerate its expansion across ASEAN markets.