DLTx has completed an investment in Blockchain Moon Acquisition Corp, a company incorporated under the laws of Delaware.
As communicated in the Q2 report, DLTx was one of the early investors in a SPAC (Special-purpose Acquisition Company) focusing on distributed ledger technologies. DLTx invested $653,350 USD in Blockchain Moon Acquisition Corp. through Jupiter Sponsor LLC, a company which we hold the units of BMAC through. The investment equates to 406,500 shares at the initial public offering (IPO). In the IPO, shares will be valued at $10 USD each. Of the shares held by DLTx, 167,500 cannot be sold until six months after the consummation of the initial business combination or other requirements are met.
BMAC is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region the target of BMAC operates in, the intention of BMAC is to pursue prospective targets that are high growth businesses in blockchain technologies in North America, Europe, and Asia.
BMAC has applied to be listed on the Nasdaq Capital Market under the symbol “BMACU”.
In addition, our chairman, James Haft, has been appointed as one of the independent board of directors of Blockchain Moon Acquisition Corp. James brings more than 30 years of experience in emerging markets and blockchain capital markets, including co-founding PALcapital LLC in 1996, a merchant bank focused on businesses leveraging the digitization of information, as well as CryptoMondays, in 2017, which is known for being the largest decentralized blockchain-based meetup worldwide, organizing in more than 60 cities across 25 countries and comprised of more than 30,000 members.
The management and board of BMAC will identify and evaluate target businesses that would benefit from being a public company where the management and board intends to add value based on their operational and strategic expertise. The management and board of BMAC have extensive experience in growing and operating companies as well as a broad network in the industry.
DLTx in combination with BMAC believe that the operational and transactional experience of the management teams our respective affiliates, related entities and relationships we have developed as a result of such experience, will provide for a substantial number of potential business combination targets. These individuals and entities have developed a broad network of contacts and corporate relationships around the world.
About DLTx
DLT is focused exclusively on building technology in the blockchain industry. DLTx will partner with the best-in-class companies in sectors being reshaped by Distributed Ledger Technologies. The management and advisory board have considerable experience within the blockchain ecosystem and will actively advise and support the companies DLTx helps to develop. DLTx will support core developers, run validation nodes, hold governance tokens, and help companies with the right technology, teams, and market prospects to succeed.
Company Links
Website: dltx.com
Twitter: twitter.com/joinDLTx
LinkedIn: linkedin.com/company/join-dltx
Facebook: facebook.com/joinDLTx
Reddit: reddit.com/r/DLTx
YouTube: https://www.youtube.com/channel/UCMsd-2LHlMMyGrlAYkTlSgQ
Company Profile on the Oslo Børs Stock Exchange: https://live.euronext.com/en/product/bonds/NO0003055808-XOSL/company-information
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- Source: https://www.dltx.com/blog/aj1l4s4pj0cd6n0as54vvbgrprdebh