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Miluna Acquisition Corp has officially completed its first public stock sale, bringing in sixty million dollars. The company sold six million units at ten dollars each, with trading starting on the Nasdaq Global Market on October twenty-third, twenty twenty-five.
Each unit includes one ordinary share and one redeemable warrant. When trading begins separately, the shares will appear under the name MMTX and the warrants under MMTXW.
At the same time, Miluna also completed a private sale of one hundred ninety-four thousand one hundred units at ten dollars each, adding about one point nine four million dollars more to its total. D. Boral Capital and ARC Group Securities managed the offering together.
The underwriters have forty-five days to buy up to nine hundred thousand extra units if demand is high. From the total raised in both the public and private offerings, sixty million dollars has been placed into a trust account.
Miluna Acquisition is a special purpose acquisition company, often called a SPAC. It was formed to look for businesses it can merge with or acquire. The company can explore deals in any industry or location but will not target companies based in or primarily operating in China.
Miluna plans to file an audited balance sheet showing the proceeds with the U.S. Securities and Exchange Commission as part of its Form 8-K. ARC Group Limited advised the company financially, while Hunter Taubman Fischer & Li handled its legal matters and Baker & Hostetler represented the underwriters.