Blockchain Moon Acquisition has entered into an agreement to acquire DLTx ASA, including all Web 3 infrastructure assets. DLTx builds the infrastructure for Web 3 globally, including decentralized Cloud Computing, Green Bitcoin Mining, and Decentralized Data Relay Services. The combined company is expected to have an implied initial enterprise value of approximately $163.35 million.
If approved, DLTx expects to trade under the symbol DLTX on the Nasdaq. Both sides expect the deal to be completed by the summer of 2023.
Blockchain Moon last week filed a proxy asking shareholders to approve a merger deadline extension from Oct. 21 until Jan. 21, 2023. The SPAC currently holds almost $116 million in trust. Read more.
