Miluna Acquisition Corp Announces Pricing of $60,000,000 Initial Public Offering

Rhea-AI Summary

Miluna Acquisition Corp (Nasdaq: MMTXU) priced an initial public offering of 6,000,000 units at $10.00 per unit, raising expected gross proceeds of $60,000,000. Each unit contains one ordinary share and one redeemable warrant; separate trading for ordinary shares and warrants is expected under MMTX and MMTXW once separation occurs. The units are expected to begin trading on the Nasdaq Global Market on October 23, 2025, and the offering is expected to close on October 24, 2025, subject to customary closing conditions.

Underwriters D. Boral Capital and ARC Group Securities acted as joint book-runners and have a 45-day option to purchase up to 900,000 additional units to cover over-allotments. A registration statement was declared effective by the SEC on September 30, 2025.

Positive

• Gross proceeds of $60,000,000 expected from the offering
• Expected Nasdaq Global Market listing beginning October 23, 2025

Negative

• 45-day over-allotment option of 900,000 units (15%) may increase share issuance
• Units include warrants, which can lead to future shareholder dilution if exercised

Insights

Capital Markets Analyst

Miluna priced a $60,000,000 SPAC IPO of 6,000,000 units; listing and closing dates set with standard overallotment.

The company sold 6,000,000 units at $10.00 per unit for a total nominal raise of $60,000,000. Each unit contains one ordinary share and one redeemable warrant; separate trading is expected to begin on October 23, 2025 under MMTXU with follow‑on listings for ordinary shares and warrants as MMTX and MMTXW. Joint book‑running managers are D. Boral Capital LLC and ARC Group Securities LLC, and the underwriters hold a 45‑day option to purchase up to 900,000 additional units to cover any over‑allotments.

The primary dependencies are routine closing and listing conditions: the offering is expected to close on October 24, 2025 and required a registration statement that the SEC declared effective on September 30, 2025. Key near‑term items to watch are the close on October 24, 2025, whether the underwriters exercise the 45‑day over‑allotment option, and the start of separate trading on October 23, 2025; these will determine final float and short‑term supply.

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 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 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
czhang1@gmail.com

FAQ

What did Miluna Acquisition Corp (MMTXU) price its IPO at and how many units were offered?

Miluna priced 6,000,000 units at $10.00 per unit, representing expected gross proceeds of $60,000,000.

When will Miluna units and shares begin trading on Nasdaq under MMTXU and MMTX?

Units are expected to begin trading on October 23, 2025 under MMTXU; ordinary shares are expected to trade as MMTX after separation.

What is the over-allotment option in Miluna's IPO (MMTXU)?

Underwriters have a 45-day option to buy up to 900,000 additional units to cover over-allotments (15% of the base offering).

When is Miluna Acquisition Corp's (MMTXU) offering expected to close?

The offering is expected to close on October 24, 2025, subject to customary closing conditions.

Who are the lead underwriters for Miluna Acquisition Corp's (MMTXU) IPO?

D. Boral Capital LLC and ARC Group Securities LLC are acting as joint book-running managers for the offering.

Will Miluna's IPO units include warrants and could that affect shareholders?

Yes, each unit includes one ordinary share and one redeemable warrant; exercised warrants can create additional shares and potentially dilute existing shareholders.