Item 1.02. Termination of a Material Definitive Agreement.
As previously disclosed, Blockchain Moon Acquisition Corp., a Delaware
corporation ("BMAC" or the "Company"), entered into a Business Combination
Agreement (the "Business Combination Agreement"), dated as of October 14, 2022,
with Malibu Parent, Inc., a Delaware corporation, Hermosa Merger Sub, LLC, a
Delaware limited liability company, and DLTx ASA, a Norwegian public limited
liability company ("DLTx"). The Business Combination Agreement would have
provided, subject to its terms and conditions, for the initial business
combination of BMAC (the "Business Combination").
On March 12, 2023, BMAC delivered a unilateral notice of termination (the
"Notice") to DLTx pursuant to both Section 8.1(b) and Section 8.1(k) of the
Business Combination Agreement. The Notice terminated the Business Combination
Agreement effective immediately pursuant to Section 8.1(b).
By virtue of the termination of the Business Combination Agreement, all other
ancillary agreements related to the Business Combination terminate in accordance
with their terms.
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