Miluna Acquisition Corp closed its IPO of 6 million units at $10 each, now trading on Nasdaq under MMTXU.
Quiver AI Summary
Miluna Acquisition Corp, a Cayman Islands exempted company, announced the successful closing of its initial public offering (IPO) on October 24, 2025, raising $60 million by offering 6 million units at $10 each. These units, which consist of one ordinary share and one redeemable warrant, began trading on the Nasdaq under the symbol "MMTXU." Following the IPO, the company also completed a private placement of 194,100 units, generating an additional $1,941,000. A portion of the proceeds has been placed in trust, and a detailed balance sheet will be filed with the SEC. The offering is facilitated by D. Boral Capital LLC and ARC Group Securities LLC, which also serve as joint book-running managers. Miluna Acquisition Corp is a blank check company focused on pursuing business combinations in various industries, excluding those based primarily in China.
Potential Positives
- Miluna Acquisition Corp successfully closed its initial public offering of 6,000,000 units, raising significant capital at $10.00 per unit.
- Units began trading on the Nasdaq Global Market under the ticker symbol “MMTXU”, enhancing the company's visibility and credibility in the financial markets.
- Concurrent private placement of an additional 194,100 units provided further gross proceeds of $1,941,000, strengthening the company's financial position.
- With $60,000,000 from the IPO proceeds placed in trust, the company is well-positioned to pursue future merger and acquisition opportunities.
Potential Negatives
- Company's initial public offering (IPO) could be perceived as a risk, especially given the lack of assurance that the offering will be completed on the terms described or at all.
- Miluna Acquisition Corp's status as a blank check company may lead to skepticism from investors regarding its long-term viability and the potential for identifying a suitable target for acquisition.
- Exclusion of potential target companies based in or having operations in the People’s Republic of China narrows the field of acquisition opportunities and may limit the company's growth potential.
FAQ
What is Miluna Acquisition Corp's IPO details?
Miluna Acquisition Corp closed its IPO of 6,000,000 units at $10.00 per unit on October 24, 2025.
When did trading begin for Miluna Acquisition Corp?
Trading for Miluna Acquisition Corp's units began on October 23, 2025, under the ticker symbol "MMTXU".
What is included in each unit of the IPO?
Each unit consists of one ordinary share and one redeemable warrant.
Where can I find the prospectus for the offering?
The final prospectus can be accessed through the SEC's website at www.sec.gov or requested from the underwriters.
What is the purpose of Miluna Acquisition Corp?
Miluna Acquisition Corp is a blank check company formed to pursue business combinations with other entities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Taipei, Taiwan., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Miluna Acquisition Corp (Nasdaq: MMTXU) (the “Company”), a Cayman Islands exempted company, announced today the closing of its initial public offering of 6,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “MMTXU” on October 23, 2025. Each unit consists of one (1) ordinary share and one (1) redeemable warrant. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “MMTX” and “MMTXW”, respectively.
Concurrently with the closing of the initial public offering, the Company closed on a private placement of 194,100 units at a price of $10.00 per unit, resulting in gross proceeds of $1,941,000. Each private placement unit consists of one (1) ordinary share and one (1) redeemable warrant.
D. Boral Capital LLC and ARC Group Securities LLC are acting as joint book-running managers in the offering. The underwriters have been granted a 45-day option to purchase up to an additional 900,000 units offered by the Company to cover over-allotments, if any. ARC Group Limited acted as financial advisor to the Company. The Company was represented by Hunter Taubman Fischer & Li LLC as its legal counsel, and D. Boral Capital LLC and ARC Group Securities LLC were represented by Baker & Hostetler LLP as their legal counsel.
Of the net proceeds received from the consummation of the initial public offering and simultaneous private placement, $60,000,000 ($10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of October 24, 2025, reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).
A final prospectus relating to and describing the final terms of the offering has been filed with the SEC. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at [email protected] or from ARC Group Securities LLC, 398 S Mill Ave, Suite 201B, Tempe, AZ 85281, by email at [email protected] . Copies of the final prospectus can also be accessed through the SEC’s website at www.sec.gov .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Miluna Acquisition Corp
Miluna Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company may pursue a business combination with a target in any industry or geographic region that it believes can benefit from the expertise and capabilities of its management team, except that the Company will not pursue a prospective target company based in or having the majority of its operations in the People’s Republic of China.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov . The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Contact:
Czhang Lin
Chief Executive Officer
[email protected]
