Miluna Acquisition Corp (NASDAQ: MMTXU) announced that unit holders may elect to split their units into ordinary shares and warrants for separate trading on or about December 15, 2025. After the split, ordinary shares will trade under the ticker MMTX and warrants under MMTXW, while unsplit units will remain listed under MMTXU.
This move gives investors flexibility to trade components independently, potentially unlocking value and improving liquidity for each security.
Positive
- Separate trading of shares and warrants effective Dec 15 2025
- Ordinary shares will trade under ticker MMTX
- Warrants will trade under ticker MMTXW
Negative
- Units that remain intact will continue trading under MMTXU, spreading liquidity across three symbols
Taipei, Taiwan – Dec. 11, 2025 (GLOBE NEWSWIRE) – Miluna Acquisition Corp (NASDAQ: MMTXU), a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination, disclosed that holders of its units may elect to separate the ordinary shares and warrants contained in each unit for independent trading beginning on or about December 15, 2025.
Following the separation, the ordinary shares and warrants will be listed on the NASDAQ Global Market under the symbols MMTX and MMTXW, respectively. Units that are not split will continue to trade under MMTXU.
About Miluna Acquisition Corp
Miluna Acquisition Corp is a blank‑check company positioned to explore strategic combinations across any industry or geographic region, subject to the condition that it will not target entities based in or primarily operating in the People’s Republic of China. This broad mandate gives the SPAC flexibility to align with high‑growth opportunities that match the expertise of its leadership team.
Strategic Implications of the Split
The decision to enable separate trading of shares and warrants reflects a broader trend among SPACs to enhance marketability and attract a more diversified investor base. By decoupling the two components, Miluna can address distinct risk‑return profiles: ordinary shares appeal to investors seeking equity exposure to the eventual business combination, while warrants attract those looking for leveraged upside with limited downside.
From a liquidity perspective, splitting the securities may increase trading volume on each ticker, narrowing bid‑ask spreads and potentially improving price discovery. However, the proliferation of symbols also fragments order flow, which could dilute depth in each market unless market makers and institutional participants commit sufficient capital.
Technical analysts will likely monitor the relative performance of MMTX versus MMTXW to gauge market sentiment on the underlying SPAC’s prospects. A widening premium on warrants may signal confidence in a forthcoming transaction, whereas a discount could indicate skepticism about the quality of target opportunities.
Regulatory and Operational Considerations
Separating securities triggers additional reporting obligations, including distinct filings for the newly listed shares and warrants. Miluna will need to ensure compliance with SEC disclosures for each class, maintain separate corporate governance documentation, and manage shareholder communications across three ticker symbols.
Investors should also be aware of tax implications. The IRS may treat the split as a taxable event for certain holders, especially if the warrants are exercised or sold shortly after separation. Consulting tax advisors is advisable to navigate potential capital gains or loss recognition.
Forward‑Looking Statements
This release contains forward‑looking statements that involve risks and uncertainties. Actual results may differ materially from those projected due to factors such as market conditions, regulatory changes, and the success of any future business combination. The company does not assume any obligation to update these statements.
FAQ
When will Miluna Acquisition Corp shares and warrants begin separate trading (MMTX, MMTXW)?
Separate trading is expected to begin on or about December 15, 2025.
What happens to Miluna units that are not separated after December 15, 2025?
Units that remain unsplit will continue to trade on NASDAQ under the symbol MMTXU.
Under which ticker will Miluna’s ordinary shares trade after separation?
Ordinary shares will trade on NASDAQ under the ticker MMTX.
Under which ticker will Miluna’s warrants trade after separation?
Warrants will trade on NASDAQ under the ticker MMTXW.
Can Miluna unit holders choose to trade shares or warrants separately before December 15, 2025?
Holders may elect to split their units to enable separate trading on or about December 15, 2025.
Will separating Miluna units change the company’s business combination purpose?
No. The split affects only the trading mechanics of units, shares, and warrants; it does not modify the SPAC’s underlying objective of completing a business combination.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/14423.html
