Miluna Acquisition Corp Raises $60 Million in Nasdaq Debut Following Successful IPO

Miluna Acquisition Corp (NASDAQ: MMTXU) has officially completed its initial public offering (IPO) of 6 million units at $10.00 per unit, raising $60 million in gross proceeds. The Cayman Islands-based special purpose acquisition company (SPAC) began trading on the Nasdaq Global Market on October 23, 2025. Each unit offered includes one ordinary share and one redeemable warrant, with the ordinary shares and warrants expected to trade separately under the symbols “MMTX” and “MMTXW” once separation begins.

In conjunction with the IPO, Miluna Acquisition Corp closed a private placement of 194,100 units at $10.00 per unit, generating an additional $1.94 million in gross proceeds. D. Boral Capital LLC and ARC Group Securities LLC acted as joint book-running managers for the offering. The underwriters were also granted a 45-day option to purchase up to 900,000 additional units to cover potential over-allotments. Of the total proceeds from both the public and private offerings, $60 million has been placed in a trust account for future business combinations.

Miluna Acquisition Corp is a SPAC established to pursue mergers, share exchanges, asset acquisitions, or similar business combinations with one or more target companies. While the company is open to opportunities across various sectors and regions, it will exclude targets based in or primarily operating within China. The firm plans to file an audited balance sheet reflecting the offering’s proceeds as an exhibit to a Form 8-K with the U.S. Securities and Exchange Commission.

ARC Group Limited served as the financial advisor to Miluna, with Hunter Taubman Fischer & Li LLC acting as legal counsel for the company, while Baker & Hostetler LLP represented the underwriters.