Blockchain Moon Acquisition, a blank check company targeting blockchain technology businesses in North America, Europe, and Asia, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Jacksonville, FL-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant to purchase one-half of a share, exercisable at $11.50. At the proposed deal size, Blockchain Moon Acquisition would command a market value of $129 million.
The company is led by CEO and Chairman Enzo Villani, the CEO and CIO of Alpha Sigma Capital and the former Head of International Strategy and Innovation at OKEx. The company plans to target blockchain technology located in North America, Europe, and Asia, focusing on businesses that have leveraged blockchain technology to develop and disrupt current markets in finance, supply-chain, gaming, or entertainment.
Blockchain Moon Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol BMACU. Chardan Capital Markets is the sole bookrunner on the deal.