Miluna Acquisition (MMTXU) of Taiwan raised $60 million by pricing its SPAC IPO with a whole warrant – a sweetening of the unit’s composition from the original plan to offer one-half of a warrant – on Wednesday night, Oct. 22, 2025. Miluna priced 6 million units priced at $10.00 each – with each unit consisting of one share of stock plus one whole redeemable warrant.
Miluna opened flat at $10.00 at 11:15 a.m. EDT on Thursday, Oct. 23, 2025, on the NASDAQ on volume of 591,758, according to NASDAQTrader.com. At Thursday’s closing bell, Miluna Acquisition (MMTXU) dipped 1 cent to end at $9.99 on volume of 2,801,997 in its first day of NASDAQ trading.
D. Boral Capital and ARC Group Securities were the joint book-runners.
Miluna Acquisition is based in Taipei, Taiwan. This SPAC has not picked a geographic region, other than to say that it will not pursue a target company based in the People’s Republic of China – or with the majority of its operations in China.
Shang Ju Lin, the CEO of Miluna Acquisition, is a partner in LBank Labs, where he manages multiple strategic funds with assets totaling $100 million, including hedge funds, primary investments and funds of funds.
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