Company Description
Miluna Acquisition Corp (Nasdaq: MMTXU) is described as a blank check company and is organized as a Cayman Islands exempted company. Its securities are listed on the Nasdaq Global Market, and its units trade under the ticker symbol MMTXU. According to available information, Miluna Acquisition Corp completed an initial public offering of units, with each unit consisting of one ordinary share and one redeemable warrant.
Corporate structure and listing
The company is incorporated in the Cayman Islands as an exempted company. Its units are listed on the Nasdaq Global Market under the symbol MMTXU. The ordinary shares and warrants associated with these units are expected to trade separately on Nasdaq under the symbols MMTX for the ordinary shares and MMTXW for the warrants once separate trading commences. An 8-K filing indicates that the ordinary shares and warrants are expected to trade on Nasdaq under these symbols, while units that are not separated continue to trade under MMTXU.
Miluna Acquisition Corp has disclosed that each warrant is exercisable for one ordinary share at an exercise price of $11.50 per share. The company has also indicated that holders of its units may elect to separately trade the ordinary shares and warrants included in the units, subject to coordination with the company’s transfer agent.
Blank check company profile
Miluna Acquisition Corp is identified as a blank check company. Based on this description, it is categorized in the blank checks sector. In general, blank check companies are formed to pursue a business combination, but the specific business combination strategy or target focus for Miluna Acquisition Corp is not detailed in the provided information. As a result, only the blank check characterization and capital markets activity described in the available documents can be referenced.
Initial public offering and units
According to public announcements, Miluna Acquisition Corp priced an initial public offering of 6,000,000 units at a price of $10.00 per unit. The units were expected to be listed on the Nasdaq Global Market and to trade under the ticker symbol MMTXU beginning on October 23, 2025. A subsequent announcement stated that the company closed its initial public offering of 6,000,000 units at $10.00 per unit and that the units began trading on Nasdaq under the ticker symbol MMTXU.
Each public unit consists of one ordinary share and one redeemable warrant. In addition to the public offering, the company disclosed a private placement of 194,100 units at a price of $10.00 per unit, with each private placement unit also consisting of one ordinary share and one redeemable warrant. The company further reported that the underwriters were granted a 45-day option to purchase up to an additional 900,000 units to cover over-allotments, and later announced that this over-allotment option was fully exercised, resulting in additional units being sold.
Trading of ordinary shares and warrants
An 8-K filing dated December 11, 2025, states that holders of Miluna Acquisition Corp’s units may elect to separately trade the ordinary shares and warrants included in the units. The filing notes that the ordinary shares and warrants are expected to trade on the Nasdaq Global Market under the symbols MMTX and MMTXW, respectively, while units that are not separated continue to trade under MMTXU. The filing also specifies that each warrant is exercisable for one ordinary share at an exercise price of $11.50 per share.
The same 8-K indicates that holders who wish to separate their units into ordinary shares and warrants must have their brokers contact the company’s transfer agent. This reflects the typical process by which unit holders in a blank check company can begin trading the underlying securities separately once permitted.
Location of principal executive offices
In its 8-K filing, Miluna Acquisition Corp lists its principal executive offices as being located in Taipei, Taiwan. The filing provides a more specific address and telephone number, but for evergreen purposes it is sufficient to note that the company’s principal executive offices are in Taipei, Taiwan.
Regulatory filings and disclosures
The company has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with its initial public offering, which was declared effective by the SEC. Public announcements reference a final prospectus that describes the terms of the offering, as well as a current report on Form 8-K that includes an audited balance sheet reflecting the proceeds from the offering and private placement.
Miluna Acquisition Corp has also filed an 8-K reporting the commencement of separate trading of its ordinary shares and warrants. That filing includes details about the trading symbols, the exercise terms of the warrants, and the process for unit holders to separate their securities.
Capital raised and trust account
In connection with the initial public offering and concurrent private placement, Miluna Acquisition Corp disclosed that net proceeds from these transactions were placed in a trust account. The company reported that $60,000,000, corresponding to $10.00 per unit sold in the public offering, was placed in trust. This is consistent with the structure of many blank check companies, which hold public offering proceeds in a trust account pending further corporate actions, although the specific intended use of the trust funds for Miluna Acquisition Corp is not detailed in the provided information.
Status and scale
Based on the available information, Miluna Acquisition Corp is a recently listed blank check company that has completed an initial public offering of units on the Nasdaq Global Market and has facilitated the separate trading of its ordinary shares and warrants. The company’s disclosures focus on its capital markets transactions, listing details, and warrant terms. No additional information is provided in the sources about its targeted industries, specific acquisition strategy, or operational activities beyond its status as a blank check company.
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Short Interest History
Short interest in Miluna Acquisition (MMTXU) currently stands at 10.4 thousand shares, down 9.4% from the previous reporting period, representing 0.2% of the float. Over the past 12 months, short interest has decreased by 45.8%. This relatively low short interest suggests limited bearish sentiment. The 7.2 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Miluna Acquisition (MMTXU) currently stands at 7.2 days, up 477.6% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has increased 622% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 7.2 days.