SPAC Nocturne Acquisition prices $100 million IPO, targeting disruptive technology

Nocturne Acquisition, a blank check company targeting disruptive technology in blockchain and artificial intelligence, raised $100 million by offering 10 million units at $10.Each unit consists of one share of common stock and one right to received one-tenth of a share upon the completion of an initial business combination.

The company is led by CEO and Chairman Henry Monzon, who is co-founder and CEO of bitcoin technology company Katena Computing Technologies as well as CFO of artificial intelligence technology company Luminous Computing. He is joined by CFO and Director Thomas Ao, who is currently CEO of MCL Financial Leasing, a provider of financial leasing services for bitcoin mining facilities. The company plans to target businesses in the disruptive technology market with equity values between $300 million and $1 billion. The company believes businesses focusing on blockchain and artificial intelligence are potential attractive targets.

Nocturne Acquisition plans to list on the Nasdaq under the symbol MBTCU. Chardan Capital Markets acted as a lead manager on the deal.