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Blockchain Moon Acquisition Corp. (Nasdaq: BMAQU) announced that starting November 3, 2021, holders of the units sold in its IPO can separately trade the shares of common stock, rights, and warrants. The securities will trade under the symbols BMAQ, BMAQR, and BMAQW. Each unit comprises one share of common stock, a redeemable warrant, and a right to receive one-tenth of a share of common stock upon a business combination. Fractional rights or warrants will not be issued, and holders must contact their brokers for the separation process.
Blockchain Moon Acquisition Corp. (NASDAQ: BMAQU) successfully completed its IPO, raising a total of $115,000,000 by issuing 11,500,000 units at $10.00 each. The underwriters exercised their overallotment option, adding 1,500,000 units to the offering, which contributed an additional $15,000,000 in gross proceeds. Each unit contains one share of common stock and warrants for future purchases. The offering's proceeds are designated for pursuing business combinations in the blockchain sector.
Blockchain Moon Acquisition Corp (BMAQU) has successfully closed its initial public offering, raising gross proceeds of $100 million by selling 10 million units at $10 each. Each unit includes one share of common stock, a right to receive one-tenth of a share, and a redeemable warrant for half a share at $11.50. Trading began on Nasdaq on October 19, 2021, and the company's team aims to pursue high-growth business combinations in blockchain technologies globally. An additional 1.5 million units may be purchased by underwriters within 45 days for over-allotments.
