Miluna Acquisition Corp announced its IPO of 6,000,000 units at $10.00 each, trading on Nasdaq starting October 23, 2025.
Quiver AI Summary
Miluna Acquisition Corp announced the pricing of its initial public offering of 6,000,000 units at $10.00 each, which is set to trade on the Nasdaq Global Market under the ticker symbol "MMTXU" starting October 23, 2025. Each unit comprises one ordinary share and one redeemable warrant, with the shares and warrants expected to trade separately under "MMTX" and "MMTXW," respectively. The offering is expected to close on October 24, 2025, subject to standard conditions, and includes a 45-day option for underwriters to purchase an additional 900,000 units. The company, designed as a blank check entity for potential business combinations, confirms it will not pursue partners based in China. The registration statement for the offering was approved by the SEC on September 30, 2025.
Potential Positives
- Miluna Acquisition Corp successfully priced its initial public offering of 6,000,000 units at $10.00 per unit, which is a significant milestone for the company.
- The units, which include ordinary shares and redeemable warrants, are set to be listed on the Nasdaq Global Market under the ticker symbol “MMTXU,” enhancing the company's visibility and credibility in the financial markets.
- The offering includes a 45-day option for underwriters to purchase an additional 900,000 units, indicating potential demand and positive market reception.
- The successful declaration of the registration statement by the Securities and Exchange Commission on September 30, 2025, further validates the company's compliance and readiness to proceed with the IPO.
Potential Negatives
- The initial public offering (IPO) priced at $10.00 per unit may indicate a lack of investor enthusiasm, as companies often aim for higher IPO prices to reflect strong market conditions.
- The company has disclosed a restriction on pursuing business combinations with targets based in or operations in the People's Republic of China, potentially limiting growth opportunities in a major market.
- There is inherent uncertainty regarding the completion of the offering and the use of net proceeds, as stated in the forward-looking statements, which might raise concerns among potential investors about the company's stability and reliability.
FAQ
What is the price of Miluna Acquisition Corp's initial public offering?
The initial public offering price is set at $10.00 per unit.
When does trading for Miluna Acquisition Corp begin?
Trading is expected to begin on October 23, 2025.
What is included in each unit offered by Miluna Acquisition Corp?
Each unit consists of one ordinary share and one redeemable warrant.
Who are the underwriters for the IPO?
D. Boral Capital LLC and ARC Group Securities LLC are the joint book-running managers.
Where can I find more information about the offering?
You can find more information in the prospectus available from the underwriters' offices.
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. 22, 2025 (GLOBE NEWSWIRE) -- Miluna Acquisition Corp (Nasdaq: MMTXU) (the “Company”), a Cayman Islands exempted company, announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “MMTXU” beginning 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.
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. The offering is expected to close on October 24, 2025, subject to customary closing conditions. ARC Group Limited acted as financial advisor to the Company.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 30, 2025. 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 registration statement can 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]
