Blockchain News

Blockchain Moon Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering

Blockchain Moon Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering

The units will be listed on The Nasdaq Global Market and trade under the ticker symbol “BMAQU”

 Blockchain Moon Acquisition Corp.(“Blockchain”) announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit.  The units will be listed on The Nasdaq Global Market (“NASDAQ”) and trade under the ticker symbol “BMAQU” beginning on October 19, 2021. Each unit consists of one share of common stock, one redeemable warrant to purchase one-half share of common stock at a price of $11.50 per whole share and one right to receive one-tenth (1/10) of a share of common stock upon completion of the initial business

combination.  After the securities comprising the units begin separate trading, the shares of common stock, rights and warrants are expected to be listed on NASDAQ under the symbols “BMAQ”, “BMAQR and “BMAQW,” respectively.  The offering is expected to close on October 21, 2021.

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Chardan Capital Markets LLC is acting as sole book-running manager of the offering.  Blockchain has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 18, 2021.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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The offering is being made only by means of a prospectus.  When available, copies of the prospectus relating to this offering may be obtained by contacting Chardan at 17 State Street, 21st Floor, New York, New York 10004, or by calling (646) 465-9001.

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