Back in the Saddle: Blockchain Moon Acquisition Won’t Liquidate After All

Moon Acquisition in an 8-K said it “erroneously disclosed” that its sponsor would not deposit any additional funds into trust, spurring the SPAC to announced its liquidation. Instead, Blcokchain Moon said it will forge onward in search of a business combination and the sponsor will continue to make contributions to the trust for deadline extensions as necessary.

The SPAC in an earlier 8-K filing this week said it had terminated a merger agreement with DLTx ASA, which builds the infrastructure for Web 3 globally, including decentralized Cloud Computing, Green Mining, and Decentralized Data Relay Services.

The SPAC held almost $116 million when the DLTx ASA deal was announced in October, although redemptions ahead of an extension vote erased nearly 86% of the trust. Read more.

Source: Back in the Saddle: Blockchain Moon Acquisition Won't Liquidate After All