Miluna Acquisition Corp Announces Closing of Full Underwriters’ Over-Allotment Option in connection with its Initial Public Offering

Rhea-AI Summary

Miluna Acquisition Corp (Nasdaq: MMTXU) announced that underwriters fully exercised the over-allotment option, adding 900,000 units at $10.00 each for additional gross proceeds of $9,000,000. After the exercise, the public offering sold 6,900,000 units, producing aggregate gross proceeds of $69,000,000. Units began trading on Nasdaq under MMTXU 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 MMTX and MMTXW when separation occurs. Joint book-runners and legal and advisor relationships are disclosed and a final prospectus has been filed with the SEC.

Positive

• Aggregate gross proceeds of $69,000,000
• Over-allotment exercise raised an additional $9,000,000
• Total units sold: 6,900,000 units (one share + one warrant each)

Negative

• Issuance of 6,900,000 warrants could dilute equity if exercised
• Units separate trading not yet effective; shares/warrants listing timing uncertain

Insights

Capital Markets Analyst

Miluna raised an extra $9,000,000 via full over‑allotment, bringing total IPO gross proceeds to $69,000,000.

Miluna Acquisition Corp increased the offering size when underwriters fully exercised the 900,000‑unit over‑allotment at the public price of $10.00 per unit, producing additional gross proceeds of $9,000,000 and raising aggregate IPO proceeds to $69,000,000. The units began trading on Nasdaq under the symbol MMTXU on October 23, 2025. Each unit comprises one ordinary share and one redeemable warrant, with the underlying securities expected to trade separately as MMTX (ordinary shares) and MMTXW (warrants) once split.

The business mechanism is straightforward: the full exercise of the underwriters’ over‑allotment increases cash on the balance sheet immediately and signals syndicate willingness to support demand. Risks and dependencies remain tied to eventual separate listing of the component securities and the company’s use of proceeds, which are not detailed here. Watch the final prospectus filed with the SEC for disclosures on planned cash allocation, governance, and redemptions; the prospectus is available through the SEC and the listed bookrunners, and any material changes would typically appear within the next reporting cycle.

Taipei, Taiwan., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Miluna Acquisition Corp (Nasdaq: MMTXU) (the “Company”), a Cayman Islands exempted company, announced today that the underwriters of its previously announced initial public offering fully exercised the over-allotment option to purchase an additional 900,000 units at the public offering price of $10.00 per unit, resulting in additional gross proceeds of $9,000,000. After giving effect to this full exercise of the over-allotment option, the total number of units sold in the public offering increased to 6,900,000, resulting in an aggregate gross proceeds of $69,000,000 for the Company’s initial public offering. The units began trading on the Nasdaq Global Market (“Nasdaq”) 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.

D. Boral Capital LLC and ARC Group Securities LLC acted as joint book-running managers in the offering. 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.

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 info@dboralcapital.com or from ARC Group Securities LLC, 398 S Mill Ave, Suite 201B, Tempe, AZ 85281, by email at operations@arc-securities.com. 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” that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. 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. 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.

Contact:
Czhang Lin
Chief Executive Officer
czhang1@gmail.com

FAQ

How much did Miluna Acquisition Corp (MMTXU) raise after the over-allotment on October 28, 2025?

The company raised an additional $9,000,000, bringing aggregate gross proceeds to $69,000,000.

What is the total number of units sold in Miluna Acquisition Corp's IPO (MMTXU)?

A total of 6,900,000 units were sold after the full exercise of the over-allotment option.

When did Miluna Acquisition Corp units begin trading on Nasdaq and under what symbol?

Units began trading on October 23, 2025 on Nasdaq under the symbol MMTXU.

What does each Miluna Acquisition Corp unit include and what symbols will the components use?

Each unit includes one ordinary share and one redeemable warrant; the components are expected to trade as MMTX (shares) and MMTXW (warrants) when separated.

Who were the joint book-running managers for Miluna Acquisition Corp's offering?

D. Boral Capital LLC and ARC Group Securities LLC acted as joint book-running managers.

Where can investors obtain the final prospectus for Miluna Acquisition Corp's offering (MMTXU)?

Copies of the final prospectus are available from the listed underwriters or via the SEC website at www.sec.gov.