Nocturne Acquisition Corporation (NASDAQ:MBTCU) has received a notice from Nasdaq for failing to file its Quarterly Report on Form 10-Q for Q1 2021 on time. The company is non-compliant with Nasdaq's timely filing criteria and has until July 27, 2021, to submit a plan for compliance. If accepted, an extension of up to 180 days may be granted to regain compliance. The company is currently working on completing its Form 10-Q to meet the requirements and avoid potential delisting.
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Nocturne Acquisition Corporation (NASDAQ:MBTCU) announced that underwriters fully exercised their over-allotment option, closing the purchase of 1,500,000 additional units at $10.00 each on April 14, 2021. This added $15,000,000 in gross proceeds, raising the total from the IPO to $115,000,000. Each unit consists of one ordinary share and one right for future shares. The units began trading on March 31, 2021, on NASDAQ, with rights expected to trade under the symbols 'MBTCR'.
Nocturne Acquisition Corporation successfully closed its initial public offering, raising $100 million by issuing 10,000,000 units at $10.00 each. The units commenced trading on Nasdaq on March 31, 2021, under the ticker symbol MBTCU. Each unit comprises one ordinary share and a right, allowing holders to receive 1/10th of one ordinary share upon a business combination. The company aims to target acquisitions in disruptive technologies, particularly in blockchain and AI sectors, with potential equity values between $300 million to $1 billion.
Nocturne Acquisition Corporation has successfully priced its initial public offering (IPO) at $10.00 per unit, aiming to raise a total of $100 million. The offering will consist of 10,000,000 units, each including one ordinary share and one right entitling holders to receive a fraction of an additional share upon a business combination. Trading on Nasdaq under the ticker symbol MBTCU begins today, March 31, 2021. The IPO is set to close on April 5, 2021, with an over-allotment option for an additional 1,500,000 units. Nocturne aims to target companies within the blockchain and AI sectors.