Special purpose acquisition company Blockchain Moon Acquisition Corp. (Nasdaq: BMAQU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$100 million in its initial public offering.
The offering consists of 10.0 million units priced at US$10.00 per unit. Each unit is composed of one common share, one-half of a purchase warrant, and one-tenth right. Each whole warrant is redeemable for one common share at US$11.50 per share while each whole right is exercisable for one common share upon the completion of the initial business combination.
The company units trade on the Nasdaq big board under the symbol “BMAQU”. Once the securities separate, the company shares, warrants, and rights will trade under the ticker symbols “BMAQ”, “BMAQW”, and “BMAQR”, respectively.
The proposed offering is being managed by Chardan Capital Markets as the sole bookrunner. The company has granted a 45-day over-allotment option to purchase additional 1.5 million company units at the same IPO price.
The blank check company will be looking to transact with firms that are “in blockchain technologies in North America, Europe, and Asia”.
Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
