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

Rhea-AI Summary

Miluna Acquisition Corp (Nasdaq: MMTXU) closed an initial public offering of 6,000,000 units at $10.00 per unit, raising $60,000,000. Units began trading under MMTXU on October 23, 2025.

Each unit includes one ordinary share and one redeemable warrant; ordinary shares and warrants are expected to trade separately as MMTX and MMTXW when separable. The underwriters hold a 45-day option for 900,000 additional units. Concurrent private placement of 194,100 units for $1,941,000 closed at $10.00 per unit. Of net proceeds, $60,000,000 was placed in trust. A Form 8-K with an audited balance sheet and a final prospectus have been filed with the SEC.

Positive

• Offering raised $60,000,000 via 6,000,000 units
• Proceeds $60,000,000 placed in trust
• Private placement added $1,941,000 (194,100 units)
• Underwriters granted 45-day option for 900,000 units

Negative

• Issued 6,000,000 units (ordinary shares plus warrants)
• Potential additional dilution of up to 900,000 units
• Private placement of 194,100 units increases outstanding units

Insights

IPO Structuring Analyst

Company completed a $60,000,000 SPAC-style unit offering and concurrent private placement; proceeds placed in trust and securities listed on Nasdaq.

The transaction sold 6,000,000 units at $10.00 per unit for gross public proceeds of $60,000,000, and a concurrent private placement of 194,100 units for $1,941,000. Each unit contains one ordinary share and one redeemable warrant; units began trading on October 23, 2025 under the ticker MMTXU. The company placed $60,000,000 of net proceeds into trust and expects separate listings for ordinary shares and warrants under MMTX and MMTXW once separated.

Key dependencies and risks include the separate trading commencement for the underlying securities, the underwriters' 45-day over-allotment option for up to 900,000 units, and the filing of an audited balance sheet in a Current Report on Form 8-K. The trust placement is a standard protective measure for blank‑check vehicles, but investors should note the timing of de‑coupling of units and any use of trust funds is governed by later disclosures.

Concrete items to watch in the near term: the Form 8-K with the audited balance sheet and any disclosure about the exercise of the 45-day over-allotment option (window begins on October 23, 2025 and lasts 45 days). Also watch for the separate listing dates for MMTX and MMTXW and any updates to prospectus terms; these events will determine capital structure and available cash in trust.

Taipei, Taiwan., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Miluna Acquisition Corp (Nasdaq: MMTXU) (the “Company”), a Cayman Islands exempted company, announced today the closing of its initial public offering of 6,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading 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.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 194,100 units at a price of $10.00 per unit, resulting in gross proceeds of $1,941,000. Each private placement unit consists of one (1) ordinary share and one (1) redeemable warrant.

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. 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.

Of the net proceeds received from the consummation of the initial public offering and simultaneous private placement, $60,000,000 ($10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of October 24, 2025, reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).

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,” 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

When did Miluna Acquisition Corp (MMTXU) begin trading on Nasdaq?

Units began trading under MMTXU on October 23, 2025.

How much did Miluna raise in its initial public offering (MMTXU)?

The IPO sold 6,000,000 units at $10, raising $60,000,000.

What was included in each Miluna unit (MMTXU)?

Each unit consists of one ordinary share and one redeemable warrant.

Will Miluna ordinary shares and warrants have separate tickers?

Yes; once separable, shares are expected as MMTX and warrants as MMTXW.

What private placement did Miluna complete alongside the IPO?

A concurrent private placement sold 194,100 units at $10, totaling $1,941,000.

What over-allotment option did the underwriters receive in the MMTXU offering?

Underwriters have a 45-day option to purchase up to 900,000 additional units.

Where can investors obtain Miluna's final prospectus and audited 8-K?

Copies are available from the underwriters or via the SEC website (www.sec.gov).