{"id":750121,"date":"2023-04-21T21:03:04","date_gmt":"2023-04-22T01:03:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blockchain-moon-acquisition-corp-announces-liquidation\/"},"modified":"2023-04-21T21:03:04","modified_gmt":"2023-04-22T01:03:04","slug":"blockchain-moon-acquisition-corp-announces-liquidation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blockchain-moon-acquisition-corp-announces-liquidation\/","title":{"rendered":"Blockchain Moon Acquisition Corp. Announces Liquidation"},"content":{"rendered":"<div class=\"mw_release\">\n<p>New York, NY, April  21, 2023  (GLOBE NEWSWIRE) &#8212; Blockchain Moon Acquisition Corp. (the \u201cCompany\u201d) announced today  that due to its inability to consummate an initial business combination  within the time period required by its amended and restated certificate  of incorporation (the \u201cArticles\u201d), the Company intends to dissolve and  liquidate in accordance with the provisions of its Articles, and will  redeem all of the outstanding common stock that were included in the  units issued in its initial public offering (the \u201cPublic Shares\u201d), at a  per-share redemption price of approximately $10.49.\u00a0<\/p>\n<p>As of the  close of business on April 21, 2023, the Public Shares will be deemed  cancelled and will represent only the right to receive the redemption  amount. The Company anticipates that the Public Shares, as well as the  Company\u2019s publicly traded units, warrants and rights, will cease trading  as of the close of business on April 21, 2023.<\/p>\n<p>In order to  provide for the disbursement of funds from the trust account, the  Company will instruct the trustee of the trust account to take all  necessary actions to liquidate the securities held in the trust account.  The proceeds of the trust account will be held in a non-interest  bearing account while awaiting disbursement to the holders of the Public  Shares. Record holders will receive their <em>pro rata<\/em> portion of  the proceeds of the of the trust account by delivering their Public  Shares to Continental Stock Transfer &amp; Trust Company, the Company\u2019s  transfer agent. Beneficial owners of Public Shares held in \u201cstreet  name,\u201d however, will not need to take any action in order to receive the  redemption amount. The redemption of the Public Shares is expected to  be completed within ten business days after April 21, 2023.<\/p>\n<p>The  Company\u2019s sponsor, officers and directors have agreed to waive their  redemption rights with respect to their outstanding common stock issued  to them. There will be no redemption rights or liquidating distributions  with respect to the Company\u2019s warrant or rights, which will expire  worthless.<\/p>\n<p>The Company expects that the Nasdaq Stock Market LLC  will file a Form 25 with the United States Securities and Exchange  Commission (the \u201cCommission\u201d) to delist the Company\u2019s securities. The  Company thereafter expects to file a Form 15 with the Commission to  terminate the registration of its securities under the Securities  Exchange Act of 1934, as amended.<\/p>\n<p>\n        <strong>Cautionary Statement Concerning Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This  press release contains statements that constitute \u201cforward-looking  statements.\u201d Forward-looking statements are subject to numerous  conditions, many of which are beyond the control of the Company,  including those set forth in the \u201cRisk Factors\u201d section of the Company\u2019s  registration statement and prospectus for the offering filed with the  SEC. Copies are available on the SEC\u2019s website, \u00a0www.sec.gov. The  Company undertakes no obligation to update these statements for  revisions or changes after the date of this release, except as required  by law.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMzI3MSM1NTQxMDY1IzUwMDA4NTQyNA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NWQ0NDViOWItMzlmNS00MzQ4LWIwOGQtYjNiMGExYzgyZDdkLTUwMDA4NTQyNA==\/tiny\/Blockchain-Moon-Acquisition-Co.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Enzo Villani\r\nCEO\r\nBlockchain Moon Acquisition Corp\r\nevillani(at)bmac.group<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, NY, April 21, 2023 (GLOBE NEWSWIRE) &#8212; Blockchain Moon Acquisition Corp. (the \u201cCompany\u201d) announced today that due to its inability to consummate an initial business combination within the time period required by its amended and restated certificate of incorporation (the \u201cArticles\u201d), the Company intends to dissolve and liquidate in accordance with the provisions of its Articles, and will redeem all of the outstanding common stock that were included in the units issued in its initial public offering (the \u201cPublic Shares\u201d), at a per-share redemption price of approximately $10.49.\u00a0 As of the close of business on April 21, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. The Company &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blockchain-moon-acquisition-corp-announces-liquidation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blockchain Moon Acquisition Corp. Announces Liquidation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750121","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blockchain Moon Acquisition Corp. Announces Liquidation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blockchain-moon-acquisition-corp-announces-liquidation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain Moon Acquisition Corp. Announces Liquidation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York, NY, April 21, 2023 (GLOBE NEWSWIRE) &#8212; Blockchain Moon Acquisition Corp. (the \u201cCompany\u201d) announced today that due to its inability to consummate an initial business combination within the time period required by its amended and restated certificate of incorporation (the \u201cArticles\u201d), the Company intends to dissolve and liquidate in accordance with the provisions of its Articles, and will redeem all of the outstanding common stock that were included in the units issued in its initial public offering (the \u201cPublic Shares\u201d), at a per-share redemption price of approximately $10.49.\u00a0 As of the close of business on April 21, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. The Company &hellip; Continue reading &quot;Blockchain Moon Acquisition Corp. 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