Blockchain Moon Acquisition Corp. BMAQ has entered into a business combination agreement to acquire substantially all of the assets of DLTx ASA DLTX including all Web 3 infrastructure resources.

• DLTx is building the infrastructure for Web 3 globally, including decentralized cloud computing, green bitcoin mining, and decentralized data relay services;
• The transaction will enable further investments in DLTx’s Web 3 infrastructure and portfolio and accelerate the company’s mission to be a leading provider of Web 3 and decentralized transaction infrastructure to the masses;
• DLTx management will join and lead the company;
• Combined Company Expected to List on Nasdaq Global Market; and
• The combined company is expected to have an initial implicit enterprise value of approximately $163.35 million.
  

JACKSONVILLE, Fla. and OSLO, Norway, Oct. 15, 2022 (GLOBE NEWSWIRE) — DLTx ASA DLTX (“DLTx”) and Blockchain Moon Acquisition Corp. BMAQU BMAQ, BMAQW, BMAQR))) (“Blockchain Moon”), an acquisition special purpose vehicle, have entered into a business combination agreement pursuant to which Blockchain Moon will acquire all subsidiaries and substantially all of the assets of DLTx ASA. Upon completion of the Transaction, the new combined company of Blockchain Moon and such acquired subsidiaries and assets (the “Company”) is expected to be named DLTx Inc. and is expected to trade under the symbol “DLTX” on the Nasdaq Global Market (the “Nasdaq”).

The company will be based in the United States and will continue to specialize in protocols that offer predictable value in terms of both utility and economics. The company will build on DLTx’s strong track record of capitalizing on growth opportunities in the Web 3 space, including early investments in one of the largest industrial-scale Bitcoin mining operations in North America, Filecoin cloud storage and decentralized data relay services.

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