MMTX 10-K & 10-Q changes, risk factors and insider trading
Miluna Acquisition Corp (also MMTXU, MMTXW) · Nasdaq · Services-Computer Programming Services · CIK 2077033 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Comparison not available: Not available: fewer than two 10-K filings on EDGAR to compare (only one so far)..
What changed in the latest 10-Q
Risk Factors
As a smaller reporting company under Rule 12b-2 of the Exchange Act, we are not required to include risk factors in this Quarterly Report on Form 10-Q. For additional risks relating to our operations, other than as set forth below, see the section titled “Risk Factors” contained in our final prospectus for the IPO filed with the SEC. Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risks could arise that may also affect our business or ability to consummate an initial business combination. We may disclose changes to such risk factors or disclose additional risk factors from time to time in our future filings with the SEC.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
see in full comparisonUponOnthe closing of the IPO and the private placement onOctober 28, 2025, a total of $69,000,000 from the net proceeds of the IPO and the sale of the Private Units was placed in a trust account (the “Trust Account”) maintained byLuckyEfficiencyLucko,INC.Inc. d/b/a Efficiencyas a trustee andwillmay be invested only in U.S. government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “Investment Company Act”), and that invest only in direct U.S. government treasury obligations. As of June 30, 2026, the estimated fair values of investments held in Trust Account amounted to $70,703,700, including $1,703,700 income reinvested.
“For the six months ended June 30, 2026, we had net income of $555,866, consisting of formation and operating costs of $676,348 and interest income on the Trust Account of $1,232,214.”see in full comparison
For the three months endedsee in full comparisonMarchJune31,30, 2026, we hadanet income of$462,457,$93,409,which comprisedconsisting of formation and operating costs of149,745$526,603 and interest income ontrusttheaccountTrust$612,202.Account of $620,012.
“For the period from June 24, 2025 (inception) to June 30, 2025, we had net loss of $25,128, consisting of formation and operating costs.”see in full comparison
As ofsee in full comparisonMarchJune31,30, 2026, we had$476,842$136,583 in cash on our balance sheet and a working capital deficit of$551,513.$665,090. The Company’s liquidity needs prior to the consummation of the IPO had been satisfied through a payment from the Sponsor of $25,000 for the founder shares and the loan under an unsecured promissory note from the Sponsor of $350,000.
This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements other than statements of historical fact included in this Form 10-Q including statements in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,” “estimate,” “seek” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors section of the Company’s Form S-1 declared effective with the SEC onsee in full comparisonMarchSeptember31,30,2026.2025. The Company’s securities filings cancanbe accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law,law,the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information,information,future events or otherwise.
Full comparison: every changed paragraph (9)
This
Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act
and Section 21E of the Exchange Act that are not historical facts, and involve risks and uncertainties that could cause actual results
to differ materially from those expected and projected. All statements other than statements of historical fact included in this Form
10-Q including statements in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations,
are forward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,”
“estimate,” “seek” and variations and similar words and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs,
based on information currently available. A number of factors could cause actual events, performance or results to differ materially
from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that
could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors
section of the Company’s Form S-1 declared effective with the SEC on MarchSeptember 31,30, 2026.2025. The Company’s securities filings
can can
be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities
law, law,
the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new
information, information,
future events or otherwise.
We
have neither engaged in any operations nor generated any revenues to date. Our only activities from inception to MarchJune 31,30, 2026 were organizational
organizational activities and those necessary to prepare for the Company’s IPO. Since the IPO, the Company’s activity has
been limited to
the costs in pursuit of the consummation of an initial business combination. We do not expect to generate any operating
revenues until
after the completion of our initial business combination. We expect to continue to generate non-operating income in the
form of interest
income on cash and marketable securities held after the IPO. We expect that we will incur increased
expenses as a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due
diligence expenses in connection with
completing a business combination.
For
the three months ended MarchJune 31,30, 2026, we had a net income of $462,457,$93,409, which comprisedconsisting of formation and operating costs of 149,745$526,603 and interest income
on trustthe accountTrust $612,202.Account of $620,012.
For the period from June 24, 2025 (inception) to June 30, 2025, we had net loss of $25,128, consisting of formation and operating costs.
For the six months ended June 30, 2026, we had net income of $555,866, consisting of formation and operating costs of $676,348 and interest income on the Trust Account of $1,232,214.
UponOn
the closing of the IPO and the private placement on October 28, 2025, a total of $69,000,000 from the net proceeds of the IPO and the
sale of the Private Units was placed in a trust
account (the “Trust Account”) maintained by LuckyEfficiency Lucko,INC. Inc. d/b/a Efficiency
as a trustee and willmay be invested only in U.S. government
treasury bills with a maturity of 185 days or less or in money market funds
meeting certain conditions under Rule 2a-7 under the
Investment Company Act of 1940, as amended (the “Investment Company Act”),
and that invest only in direct U.S.
government treasury obligations. As of June 30, 2026, the estimated fair values of investments held in Trust Account amounted to
$70,703,700, including $1,703,700 income reinvested.
As
of MarchJune 31,30, 2026, we had $476,842$136,583 in cash on our balance sheet and a working capital deficit of $551,513.$665,090. The Company’s
liquidity needs
prior to the consummation of the IPO had been satisfied through a payment from the Sponsor of $25,000 for the
founder shares and the
loan under an unsecured promissory note from the Sponsor of $350,000.
We
have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or
commitments commitments
of other entities, or entered any non-financial assets.
The
preparation of unaudited condensed financial statements and related disclosures in conformity with accounting principles generally accepted
in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and income and expenses during
the periods reported. Making estimates requires management to exercise significant judgement.judgment. It is at least reasonably possible that
the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which
management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly,
the actual results could materially differ from those estimates. As of MarchJune 31,30, 2026, we did not have any critical accounting estimates
to be disclosed.
MMTX insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding MMTX (13F)
| Investor | Quarter | Shares | Reported value | % of their 13F | Change vs prior quarter |
|---|---|---|---|---|---|
| Two Sigma Investments | 2026-06-30 | 108,749 | $1.1M | 0.0% | No change |