Miluna Acquisition Business Summary

Miluna Acquisition Corp (MMTX) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in Taipei, Taiwan. As a blank check company, its primary revenue model is the generation of interest income from its trust account, which holds approximately $69 million in proceeds from its October 2025 initial public offering. The company operates as a single-segment investment vehicle focused on identifying and merging with high-growth businesses in the technology and fintech sectors globally, specifically excluding entities with majority operations in the People’s Republic of China. As of February 2026, Miluna has entered a non-binding Letter of Intent (LOI) to merge with Ovanti US Inc. (Flote), a buy-now-pay-later (BNPL) provider, in a deal valuing the target at an indicative $300 million. In the competitive landscape of the 2026 SPAC market, Miluna competes for high-growth targets against other small-to-mid-cap vehicles such as MOZAYYX Acquisition Corp (MZYX), Pono Capital Four (PONOU), and Apeiron Acquisition I (APNU), positioning itself as a specialized bridge for international fintech firms seeking a Nasdaq listing. The leadership team is led by Chief Executive Officer and Director Hao Yuan, who was appointed in December 2025 to spearhead the company’s strategic combination phase. Yuan brings extensive pedigree in venture capital and blockchain investment, having served as a venture partner at LBank Labs and managing director at Fundamental Labs, following a senior finance career at IBM. The executive suite includes Chief Financial Officer Daniel Albert Mace, while the board is chaired by Shang Ju Lin, a partner at LBank Labs and the company's former CEO. The board of directors is further composed of independent members Mei-Chi Tsai, Luhuan Zhong, and Ya Ting Lee. The company is sponsored by MilunaC Technology Limited, an entity solely controlled by Hao Yuan, and maintains strong institutional ties to LBank Labs, which provides the firm with a robust pipeline for sourcing disruptive technology targets across the Asia-Pacific and North American markets.