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MBTC

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Nocturne Acquisition Corp

11.66
0.00 (0.00%)
Last Update: 03 May 2024 16:30:00
Yesterday: 11.66
Day's Range: 11.66 - 11.66
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When Written:
 
10.93
Nocturne Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2021 for the purpose of acquiring or merging with one or more businesses in the technology, media, and telecommunications (TMT) sectors. The company is based in New York City and is led by CEO and Chairman Vincent Letteri.

Nocturne Acquisition Corp raised $200 million in its initial public offering (IPO) in March 2021. The company's shares are listed on the NASDAQ stock exchange under the ticker symbol "MBTCU."

As a SPAC, Nocturne Acquisition Corp has a limited time frame to identify and complete a merger or acquisition, typically within two years of its IPO. Once a target company is identified, Nocturne will use the funds raised in its IPO to complete the transaction and take the target company public.

Nocturne Acquisition Corp is one of many SPACs that have been formed in recent years as a way for investors to gain exposure to high-growth companies before they go public. However, SPACs have come under increased scrutiny from regulators and investors due to concerns about their transparency and potential conflicts of interest.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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