MergerApr 27, 2026, 07:32 AM
MMTX to Merge with CADV.AI; $300M Pre-Money Equity Value
AI Summary
Miluna Acquisition Corp (MMTX) and CADV Ventures S.A. (CADV.AI), an AI software company, have entered into a definitive business combination agreement. Upon closing, the combined company will operate as Kukugan Corp. and is anticipated to be listed on a national securities exchange. The transaction values CADV.AI at a pre-money equity value of $300 million, with an implied pro forma enterprise value of approximately $408 million for the combined entity. CADV.AI's current management team, led by CEO Shang Ju Lin, will continue to lead the combined company, which also plans to explore additional financing opportunities.
Key Highlights
- Miluna Acquisition Corp (MMTX) and CADV Ventures S.A. entered into a definitive business combination agreement.
- The combined company will operate as Kukugan Corp. and is anticipated to be listed on a national securities exchange.
- The transaction values CADV.AI at a pre-money equity value of $300 million.
- The implied pro forma enterprise value of the combined company is approximately $408 million.
- Existing CADV.AI shareholders will roll 100% of their equity into the combined company.
- CADV.AI shareholders are eligible for up to 5,000,000 additional earnout shares based on revenue milestones.
- The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals.
- CADV.AI's existing management team, led by CEO Shang Ju Lin, will continue to lead the combined company.