DLTx invests in Blockchain Moon Acquisition Corp.

OSLO, NORWAY: DLT ASA (DLTx) has completed an investment in Blockchain Moon Acquisition Corp, a company incorporated under the laws of Delaware.

As communicated in the Q2 report, DLTx was one of the early investors in a SPAC focusing on distributed ledger technologies. The Company invested USD 653,350 in Blockchain Moon Acquisition Corp. through Jupiter Sponsor LLC, a company which DLTx holds the units of BMAC through.

The investment equates to 406,500 shares at the initial public offering (IPO). In the IPO, shares will be valued at USD 10 each. 167,500 of the shares held by DLTx cannot be sold until six months after the consummation of the initial business combination or other requirements are met.

Blockchain Moon Acquisition Corp. (BMAC) is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region the target of BMAC operates in, the intention of BMAC is to pursue prospective targets that are high growth businesses in blockchain technologies in North America, Europe, and Asia.

BMAC has applied to be listed on the Nasdaq Capital Market under the symbol “BMACU”.

In addition, Chairman of DLTx, James Haft has been appointed as one of the independent board of directors of Blockchain Moon Acquisition Corp. Haft brings with him 30+ years of experience in emerging markets and blockchain capital markets, including founding the largest decentralized network of blockchain meetups globally, CryptoMondays.

The management and board of BMAC will identify and evaluate target businesses that would benefit from being a public company where the management and board intends to add value based on their operational and strategic expertise. The management and board of BMAC have extensive experience in growing and operating companies as well as a broad network in the industry.

DLTx is an enterprise vendor for DAOs and public blockchains focused exclusively on building technology within the blockchain industry. DLTx will partner with the best-in-class companies in sectors being reshaped by Distributed Ledger Technologies.

The management and advisory board have considerable experience within the blockchain ecosystem and will actively advise and support the companies DLTx helps to develop. DLTx will support core developers, run validation nodes, hold governance tokens and help companies with the right technology, teams and market prospects to succeed. www.dltx.com

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