Barely a month after announcing plans to dissolve, then reversing course and saying it would forge on in seach of a deal, Blockchain Moon has now called it quits, again. The SPAC announced Friday night it will redeem shares and liquidate. This time the decision appears to be permanent, as shares were expected to stop trading on the Nasdaq at the market close April 21.
The per-share redemption price will be approximately $10.49, according to a press release.
Last month the SPAC terminated a deal with DLTx ASA, which builds the infrastructure for Web 3 globally, including decentralized Cloud Computing, Green Bitcoin Mining, and Decentralized Data Relay Services.
The SPAC held almost $116 million when the DLTx ASA deal was announced in October, although redemptions ahead of an extension vote erased nearly 86% of the trust. Read more.
