Blockchain Moon Acquisition priced its IPO of 10 million units at $10 each. Units list on the Nasdaq and begin trding today under BMAQU. Each consists of one share of common stock, a redeemable warrant good for the purchase of one-half a share and one right to receive one-tenth of a share upon completion of a merger.
After the securities begin separate trading, shares, rights and warrants are expected to list under BMAQ, BMAQR and BMAQW.
The new SPAC plans to pursue targets that are in blockchain technology located in North America, Europe and Asia.
The offering is expected to close Oct. 21.
Chardan is sole book-running manager of the offering. The underwriters have an option to purchase up to an additional 1.5 million units to cover over-allotments, if any.
