CADV Ventures to Go Public Through Merger with Miluna Acquisition Corp

April 28, 2026
CADV Ventures S.A., an AI software company based in Warsaw, will merge with Miluna Acquisition Corp to form Kukugan Corp, which will become a publicly listed company valued at about $408 million.

CADV Ventures S.A. and Miluna Acquisition Corp have entered into a definitive agreement to merge and create a new publicly listed company named Kukugan Corp, announced in a press release.

The transaction values CADV Ventures at a pre-money equity value of 300 million dollars, with an implied enterprise value of approximately 408 million dollars, assuming no redemptions by Miluna shareholders. Upon completion, CADV Ventures shareholders will roll all of their equity into the new company, which will be listed on a national securities exchange.

Following the merger, CADV Ventures' current management team will continue to lead the combined company, with Shang Ju Lin remaining as Chief Executive Officer. The board will include members from both companies and independent directors with industry experience.

The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals. The companies may also pursue additional financing options such as a private investment in public equity or an equity line of credit to support growth initiatives.

We hope you enjoyed this article.

Consider subscribing to one of our newsletters like Enterprise AI Brief, AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

Enterprise AI AI Funding News AI Brief AI Brief (X)

More from: Enterprise

04/28
CGI Opens Artificial Intelligence Center of Excellence in Portugal
04/28
Galaxy Digital Reports $216 Million Q1 2026 Loss, Delivers First Data Hall to CoreWeave
04/28
Onymos and Mayo Clinic Partner on Intelligent Document Processing for Healthcare
04/28
Artemis Sells Sightline Intelligence to Acron Technologies
04/28
Aramark Launches Nexus Platform for AI Data Centers

More from: Funding

04/28
Artemis Sells Sightline Intelligence to Acron Technologies
04/28
Copperhelm Launches Agentic Cloud Security Platform with $7 Million Seed Funding
04/28
Reliable Robotics Raises $160 Million to Scale Autonomous Flight Systems
04/28
Fathom Therapeutics Raises $47 Million to Advance AI Drug Design Platform
04/28
SquareMind Raises $18 Million for AI and Robotics Skin Exam Platform

Subscribe to AI Funding Brief

AI Token Webinar

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You May Also Like