Rimon Client, CADV Ventures S.A. Enters into Business Combination with Miluna Acquisition Corp

Rimon client, CADV Ventures S.A., an AI software company focused on improving digital customer engagement for large organizations (“CADV.AI”), and Miluna Acquisition Corp (NASDAQ: MMTX) (“Miluna”), a special purpose acquisition company, have announced that they have entered into a definitive business combination agreement. Upon closing of the proposed business combination, the combined company will operate under the name Kukugan Corp., a Cayman Islands exempted company, and the combined company’s ordinary shares and warrants are anticipated to be listed on the NASDAQ.

The business combination values CADV.AI at a pre-money equity value of $300 million, inclusive of potential earnout consideration, with existing CADV.AI shareholders receiving ordinary shares of the combined company in an all-stock transaction based on a $10.00 per share reference value. The business combination is expected to be completed in the second half of 2026.

Rimon partner Debbie Klis advised CADV Ventures S.A on this transaction, with support from partner, Mark C. Lee and paralegal, Anne Mitzelfelt.

Read more here: CADV Ventures S.A. to Combine with Miluna Acquisition Corp

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