Barely a month after announcing plans to dissolve, then reversing course and saying it would forge on in seach of a deal, blockchain Moon has now called it quits, again. The SPAC announced Friday night it will redeem shares and liquidate.
The per-share redemption price will be approximately $10.49, according to a press release.
Last month the SPAC terminated a deal with DLTx ASA, which builds the infrastructure for Web 3 globally, including decentralized Cloud Computing, Green Bitcoin 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: Blockchain Moon Acquisition to Liquidate