Blockchain Moon Acquisition Corp.(NASDAQ:BMAQ) announced this afternoon that it has unilaterally terminated its deal with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX).
As a result of the termination, the SPAC’s sponsor, Jupiter Sponsor LLC, disclosed that it will not contribute any additional funds to its trust account. Accordingly, Blockchain Moon will liquidate and dissolve as soon as practicable.
The SPAC did not provide further details on their separation, but this marks the second crypto termination of the week following Globalink Investment’s (NASDAQ:GLLI) fallout with Tomorrow Crypto.
Blockchain Moon initially intended on funding the deal with $115.8 million from its trust, but redemptions took out 84.56% of the account during an extension vote in October 2022, leaving it with $17.87 million post-vote. It originally announced the $163 million business combination with DLTx in October 2022 and expected to close the deal this summer. Oslo-based DLTx mines and invests in crytpocurrencies while providing digital services on a series of blockchain-based platforms.


McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....