MMTX
Miluna Acquisition Corp Class A Ordinary ShareFinancial Services·Financial - Conglomerates
$10.08
$89M market cap
Revenue
$0.0M
Free Cash Flow
$-0.2M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Miluna Acquisition Corp. operates as a blank check company, formed for the merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company was founded on June 24, 2025 and is headquartered in Taipei, Taiwan.
2-Year Price History
$10.07+1.8%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | 0.0 | 0.0 | 0.0 | -0.2 | -0.2 | -0.0 | 70.6 | 0.0 | 6.9 | -2.8% | -- | -- |
| Act | 2025-Q4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 8.8 | -2.0% | -- | -- |
Valuation & Metrics
Market Stats
Price$10.08
Market Cap$89M
Enterprise Value$18M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.2%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$0.0M
Free Cash Flow$-0.2M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-2.4%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-0.2%
Need at least 2 settlement dates for chart
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
62.3%(+36.2% YoY)
31 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.4% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| ARISTEIA CAPITAL LLC | $4.8M | $9.91 | +$0 | +$4.8M | +5.0% | $2.68B |
| WOLVERINE ASSET MANAGEMENT LLC | $4.6M | $9.99 | +$3.5M | +$4.6M | +1.9% | $2.32B |
| Westchester Capital Management, LLC | $4.5M | $10.01 | +$4.5M | +$4.5M | -4.4% | $2.07B |
| WHITEBOX ADVISORS LLC | $4.0M | $10.01 | +$4.0M | +$4.0M | +0.5% | $1.77B |
| Polar Asset Management Partners Inc. | $3.7M | $10.01 | +$3.7M | +$3.7M | +1.8% | $3.16B |
| GLAZER CAPITAL, LLC | $3.5M | $10.01 | +$3.5M | +$3.5M | +8.8% | $4.51B |
| MIZUHO SECURITIES USA LLC | $3.1M | $9.97 | +$1.8M | +$3.1M | +0.0% | $4.03B |
| AQR Arbitrage LLC | $3.0M | $10.01 | +$3.0M | +$3.0M | -0.0% | $5.11B |
| Lineage Point Capital LP | $2.7M | $9.97 | +$1.8M | +$2.7M | +5.2% | $409M |
| Logan Stone Capital, LLC | $2.6M | $9.91 | −$0 | +$2.6M | -1.1% | $360M |
| LINDEN ADVISORS LP | $2.5M | $9.91 | +$0 | +$2.5M | -7.0% | $1.89B |
| Shaolin Capital Management LLC | $2.5M | $10.01 | +$2.5M | +$2.5M | +7.5% | $1.20B |
| Clear Street Group Inc. | $2.0M | $9.91 | −$513K | +$2.0M | -7.5% | $17.82B |
| Radcliffe Capital Management, L.P. | $1.8M | $9.91 | +$0 | +$1.8M | +3.9% | $1.33B |
| BERKLEY W R CORP | $1.7M | $9.91 | +$0 | +$1.7M | +0.3% | $1.86B |
| Centiva Capital, LP | $1.5M | $9.91 | +$0 | +$1.5M | +0.5% | $2.14B |
| SONA ASSET MANAGEMENT (US) LLC | $1.2M | $10.01 | +$1.2M | +$1.2M | -0.4% | $1.93B |
| TWO SIGMA INVESTMENTS, LP | $1.1M | $9.91 | +$0 | +$1.1M | -0.9% | $117.03B |
| Context Capital Management, LLC | $1.0M | $9.91 | +$0 | +$1.0M | +1.5% | $541M |
| BNP PARIBAS FINANCIAL MARKETS | $842K | $10.01 | +$842K | +$842K | -0.2% | $149.31B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+0.89%
avg per quarter
Holders (ex-self)
+0.88%
excl. this stock
Buyers (this Q)
+1.65%
20 buyers · $0.03B in
Sellers (this Q)
-7.78%
3 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
+1.4%
how holders react when this stock falls
On quiet Qs
+7.2%
−10% to +10% baseline
On rallies (+10%+)
-15.1%
how they react when this stock rises
Holders' portfolio flow this Q
+13.0%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
New buyers this quarter
Westchester Capital Management, LLC+$0.00Bα-4.4WHITEBOX ADVISORS LLC+$0.00Bα+0.5Polar Asset Management Partners Inc.+$0.00Bα+1.8GLAZER CAPITAL, LLC+$0.00Bα+8.8AQR Arbitrage LLC+$0.00Bα-0.0Shaolin Capital Management LLC+$0.00Bα+7.5SONA ASSET MANAGEMENT (US) LLC+$0.00Bα-0.4BNP PARIBAS FINANCIAL MARKETS+$0.00Bα-0.2Crossingbridge Advisors, LLC+$0.00Bα-0.1TORONTO DOMINION BANK+$0.00Bα-0.3
Top-5 holders · 38.8%
ARISTEIA CAPITAL LLC--
WOLVERINE ASSET MANAGEMENT LLC--
Westchester Capital Management, LLC--
WHITEBOX ADVISORS LLC--
Polar Asset Management Partners Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ARISTEIA CAPITAL LLC475KWOLVERINE ASSET MANAGEMENT LLC455KWestchester Capital Management, LLC450KWHITEBOX ADVISORS LLC400KPolar Asset Management Partners Inc.370KGLAZER CAPITAL, LLC350KMIZUHO SECURITIES USA LLC315KAQR Arbitrage LLC300KLineage Point Capital LP272KLogan Stone Capital, LLC260K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$2.34M
2 txns · 1 insider · 406,200 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-10-28 | BUY | MilunaC Technology Ltd | 10 percent owner | 18,000 | $5.75 | $104K | $10.63M |
| 2025-10-24 | BUY | MilunaC Technology Ltd | 10 percent owner | 388,200 | $5.75 | $2.23M | $10.57M |
Order Flow (FINRA, ~3w lag)
10.4%retail-4.3pp
10.4%dark+3.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Miluna Acquisition Corp: A China-Audited Shell with a Self-Admitted Insolvent Sponsor
Overall Risk
7/10
Fraud
3/10
Dilution
8/10
Insolvency
6/10
Earnings Overstated
2/10
Hidden Liabilities
5/10
Legal
4/10
Audit Warnings
6/10
Hidden Upside
2/10
Contextually Acceptable
6/10