Blockchain Moon Acquisition closed its IPO of 10 million units, raising $100 million. Each consists of one share, one right to receive one-tenth of a share and a redeemable warrant to purchase one-half of a share at $11.50 per whole share.
Units trade on the Nasdaq under BMAQU. Once 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 underwriters have an option to purchase up to an additional 1.5 million units to cover over-allotments, if any. Chardan was sole book-running manager of the offering. Read more.
