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Miluna Acquisition Corp (MMTXU) completed its initial public offering of 6 million units at $10.00 per unit, raising $60 million in gross proceeds. The Cayman Islands-based company’s units began trading on the Nasdaq Global Market on October 23, 2025.
Each unit consists of one ordinary share and one redeemable warrant. The ordinary shares and warrants are expected to trade separately under the symbols "MMTX" and "MMTXW" respectively once separate trading begins.
The company simultaneously closed a private placement of 194,100 units at $10.00 per unit, generating additional gross proceeds of $1.94 million. D. Boral Capital LLC and ARC Group Securities LLC served as joint book-running managers for the offering.
The underwriters received a 45-day option to purchase up to 900,000 additional units to cover over-allotments. Of the net proceeds from both the IPO and private placement, $60 million was placed in trust.
Miluna Acquisition Corp is a special purpose acquisition company formed to pursue mergers, share exchanges, asset acquisitions or similar business combinations with one or more businesses. The company may target any industry or geographic region, excluding prospective companies based in or having majority operations in China.
The company will file an audited balance sheet reflecting the proceeds as an exhibit to a Form 8-K with the Securities and Exchange Commission. ARC Group Limited acted as financial advisor to the company, while Hunter Taubman Fischer & Li LLC served as legal counsel and Baker & Hostetler LLP represented the underwriters.