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Nocturne Acquisition Corporation (MBTCR) Stock Analysis

DELISTED 2024

What happened to Nocturne Acquisition Corporation (MBTCR) stock?

Nocturne Acquisition Corporation (MBTCR) no longer trades on public markets. It was delisted in April 2024. The figures below are historical and are not a current quote.

Vol: 155.4K| 52-wk range: $0.003 – $0.01
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Nocturne Acquisition Corporation (MBTCR) trades at $0.01. Nocturne Acquisition Corporation is a shell company focused on merging with a business in the disruptive technology market. Incorporated in 2020, it is based in La Jolla, California. Sector: Financial services.

Last analyzed: Mar 16, 2026
Nocturne Acquisition Corporation is a shell company focused on merging with a business in the disruptive technology market. Incorporated in 2020, it is based in La Jolla, California.

Analyst Coverage for MBTCR: MBTCR does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MBTCR against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the MBTCR film Every key number, told as a short cinematic story — just press play. ~2 min
Council Score · Weighted Average of 3 Disciplines
Split View 36/100 · D

MBTCR: 2/2 scored disciplines lean bearish. Dominant signal: Jim Simons bearish.

How is this calculated? →
Legends Council · 5 Legends + Moon AI
Ray Dalio
Bullish
Jim Simons
Bearish
Izzy Englander
Neutral
Seth Klarman
Bearish
Moon AI
Bearish
Munger's Mindset · Balance Sheet & Valuation
Financial Health
Weak
Margin of Safety
Fairly Valued
Council Score · Weighted Average of 3 Disciplines · See tabs for details →

Nocturne Acquisition Corporation (MBTCR) Financial Services Profile

CEOHenry Monzon
HeadquartersLa Jolla, US
IPO Year2021

Nocturne Acquisition Corporation, a special purpose acquisition company (SPAC), seeks to identify and merge with a high-growth business in the disruptive technology sector. Based in La Jolla, California, the company offers a vehicle for private companies to enter the public market, but has not yet identified a target.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 16, 2026

What Is the Investment Thesis for MBTCR?

As of Mar 16, 2026 — figures reflect the data available on that date.

Nocturne Acquisition Corporation presents a speculative investment opportunity tied to its ability to identify and merge with a promising disruptive technology company. The company's success depends heavily on the management team's deal-sourcing and negotiation skills. Currently, with a market capitalization of $0.00 billion and a negative P/E ratio of -281.25, the company's valuation is largely based on its potential future acquisition. Key value drivers include the attractiveness of the target company, the terms of the merger agreement, and the overall market sentiment towards SPACs and disruptive technologies. The timeline for identifying and completing a merger is uncertain, and potential risks include failure to find a suitable target, unfavorable market conditions, and regulatory hurdles. Investors should carefully consider the risks associated with investing in a SPAC before making any investment decisions.

Based on FMP financials and quantitative analysis

MBTCR Key Highlights

Market capitalization of $0.00 billion, reflecting its status as a shell company.

  • Negative P/E ratio of -281.25, indicative of current losses and the absence of an operating business.
  • Beta of -0.04, suggesting a low correlation with overall market movements.
  • No dividend yield, as the company is not currently generating revenue or profits.
  • Focus on the disruptive technology market, offering potential for high growth but also increased risk.

Who Are MBTCR's Competitors?

MBTCR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
NRACW Noble Rock Acquisition Corporation $0.03 -23.08% $87.5M 44
NIHL New Infinity Holdings, Ltd. $0.10 +0.00% $10.8M 62
LRGR Luminar Media Group, Inc. $0.50 +47.06% $22.4M 68
CLAYU Chavant Capital Acquisition Corp. $10.97 +18.34% $27.5M 62
CLAY Chavant Capital Acquisition Corp. $10.66 +6.39% $29.6M 62
INACU Indigo Acquisition Corp. $12.08 +16.94% $34.9M 60
HHGC HHG Capital Corporation $11.12 +0.09% $56.2M 63
MAAQ Mana Capital Acquisition Corp. $5.99 -24.18% $57.0M 61

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are MBTCR's Key Strengths?

Experienced management team.

  • Access to capital through IPO.
  • Focus on high-growth disruptive technology market.

What Are MBTCR's Weaknesses?

No current operations or revenue.

  • Dependence on identifying and acquiring a suitable target.
  • High competition in the SPAC market.

What Could Drive MBTCR Stock Higher?

Announcement of a definitive merger agreement with a target company.

  • Progress in identifying and evaluating potential merger targets.
  • Changes in market sentiment towards SPACs and disruptive technologies.

What Are the Key Risks for MBTCR?

Financial-distress signal — its Altman Z-Score of -1.23 sits in the distress zone (elevated bankruptcy risk).

  • Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
  • Failure to identify a suitable merger target within the allotted timeframe.
  • Unfavorable market conditions impacting the valuation of potential targets.
  • Regulatory changes impacting SPACs and their ability to complete mergers.
  • Competition from other SPACs seeking to acquire companies in the disruptive technology market.
  • Dependence on the management team's ability to execute the company's strategy.

What Are the Growth Opportunities for MBTCR?

  • Successful Merger Completion: The primary growth opportunity for Nocturne Acquisition Corporation lies in successfully completing a merger with a high-growth disruptive technology company. The market size for disruptive technologies is vast and rapidly expanding, encompassing sectors such as artificial intelligence, biotechnology, and fintech. A successful merger would provide the target company with access to public markets and capital, while also generating returns for Nocturne Acquisition Corporation's shareholders. The timeline for this opportunity is dependent on the company's ability to identify and negotiate a deal, which could take several months to years. The competitive advantage lies in the management team's expertise and network within the disruptive technology sector.
  • Operational Improvements Post-Merger: Following a successful merger, Nocturne Acquisition Corporation can drive growth by implementing operational improvements and strategic initiatives within the acquired company. This could involve streamlining operations, expanding into new markets, or developing new products and services. The market size for these improvements is dependent on the specific target company and its industry. The timeline for realizing these benefits is typically several years. The competitive advantage lies in the management team's ability to identify and execute these improvements.
  • Attracting High-Quality Investors: Nocturne Acquisition Corporation can attract high-quality investors by demonstrating a clear and compelling investment strategy, as well as a strong track record of identifying and evaluating potential targets. This would increase the demand for the company's shares and potentially lead to a higher valuation. The market size for institutional investment in SPACs is significant, with billions of dollars allocated to this asset class. The timeline for attracting these investors is ongoing. The competitive advantage lies in the management team's reputation and relationships within the investment community.
  • Leveraging Market Expertise: The management team's expertise in the disruptive technology market provides a significant growth opportunity for Nocturne Acquisition Corporation. By leveraging their knowledge and network, they can identify promising investment opportunities and negotiate favorable terms for a merger. The market size for disruptive technologies is vast and rapidly expanding, encompassing sectors such as artificial intelligence, biotechnology, and fintech. The timeline for realizing this opportunity is ongoing. The competitive advantage lies in the management team's deep understanding of the disruptive technology landscape.
  • Capitalizing on Market Volatility: Market volatility can create opportunities for Nocturne Acquisition Corporation to acquire companies at attractive valuations. By remaining patient and disciplined, the company can capitalize on market downturns to identify and acquire undervalued assets. The market size for distressed assets is dependent on overall market conditions. The timeline for realizing this opportunity is unpredictable. The competitive advantage lies in the management team's ability to identify and evaluate distressed assets.

What Are MBTCR's Competitive Advantages?

  • Management team's expertise in the disruptive technology market.
  • Access to capital through the IPO.
  • Flexibility to pursue a wide range of merger targets.

What Does MBTCR Do?

Nocturne Acquisition Corporation, incorporated in 2020 and headquartered in La Jolla, California, operates as a special purpose acquisition company (SPAC). Its primary objective is to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more private companies, specifically targeting businesses within the disruptive technology market. As a blank check company, Nocturne Acquisition Corporation was formed to raise capital through an initial public offering (IPO) with the intention of acquiring an existing operating company. The company's success hinges on its ability to identify a suitable target with strong growth potential and complete a successful merger, thereby bringing value to its shareholders. Until a target is identified and acquired, Nocturne Acquisition Corporation remains a shell company with limited operations beyond its search and evaluation activities. The disruptive technology market encompasses a wide range of sectors, including artificial intelligence, biotechnology, fintech, and renewable energy, among others. Nocturne Acquisition Corporation's management team will leverage their expertise and network to evaluate potential targets and negotiate favorable terms for a business combination.

What Products and Services Does MBTCR Offer?

  • Identifies and evaluates potential merger targets.
  • Focuses on businesses within the disruptive technology market.
  • Negotiates merger agreements with target companies.
  • Raises capital through an initial public offering (IPO).
  • Seeks to create value for shareholders through a successful merger.
  • Operates as a shell company until a target is acquired.

How Does MBTCR Make Money?

  • Raises capital through an IPO.
  • Uses the capital to acquire a private company.
  • Generates returns for shareholders through the acquired company's growth and profitability.

What Industry Does MBTCR Operate In?

Nocturne Acquisition Corporation operates within the shell company industry, specifically as a SPAC. The SPAC market has experienced significant growth in recent years, driven by the desire of private companies to access public markets more quickly and with less regulatory scrutiny than traditional IPOs. However, the SPAC market is also highly competitive, with numerous SPACs vying for attractive targets. The success of a SPAC depends on its ability to identify and merge with a high-growth company at a reasonable valuation. Market trends include increasing regulatory scrutiny of SPAC transactions and greater investor focus on the quality of target companies. The competitive landscape includes other SPACs, as well as traditional private equity firms and venture capital investors.

Who Are MBTCR's Key Customers?

  • Private companies seeking to go public.
  • Investors seeking exposure to the disruptive technology market.
  • Shareholders who benefit from the acquired company's growth.
AI Confidence: 71% Updated: Mar 16, 2026

Company Profile

Nocturne Acquisition Corporation operates in the Shell Companies industry within the Financial Services sector. It is headquartered in La Jolla, US. The company is led by CEO Henry Monzon. MBTCR has traded publicly since 2021.

ROE 9%

Key Financial Metrics

Return on equity for Nocturne Acquisition Corporation stands at 8.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -1.7%, showing how much profit it generates from its asset base. A current ratio of 0.03 means current liabilities exceed short-term assets, a liquidity point worth watching.

F-Score 2/9

Financial Health

Nocturne Acquisition Corporation's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -1.23 places it in the distress zone, a signal of elevated financial risk.

MBTCR Financials

Bull Case vs Bear Case

Bull Case

  • Experienced management team.
  • Access to capital through IPO.
  • Focus on high-growth disruptive technology market.
  • Upcoming: Announcement of a definitive merger agreement with a target company.

Bear Case

  • No current operations or revenue.
  • Dependence on identifying and acquiring a suitable target.
  • High competition in the SPAC market.
  • Potential: Failure to identify a suitable merger target within the allotted timeframe.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026

MBTCR Latest News

No recent news available for MBTCR.

Leadership: Henry Monzon

CEO

Henry Monzon serves as the Chief Executive Officer of Nocturne Acquisition Corporation. His background includes experience in finance and investment management. He has held various leadership positions in companies focused on technology and innovation. Monzon's expertise lies in identifying and evaluating investment opportunities in emerging markets and disruptive technologies. He has a strong track record of building and scaling businesses, with a focus on creating long-term value for shareholders. His experience in capital markets and mergers and acquisitions is expected to be valuable in guiding Nocturne Acquisition Corporation's strategy.

Track Record: Under Henry Monzon's leadership, Nocturne Acquisition Corporation is actively seeking a merger target within the disruptive technology sector. His strategic decisions are focused on identifying companies with high growth potential and strong competitive advantages. The company's success will depend on his ability to negotiate favorable terms for a merger and create value for shareholders. While the company has not yet completed a merger, Monzon's leadership is critical in navigating the competitive SPAC market.

Common Questions About MBTCR (Financial Services)

What happened to Nocturne Acquisition Corporation (MBTCR) stock?

Nocturne Acquisition Corporation (MBTCR) no longer trades on public markets. It was delisted in April 2024. The figures below are historical and are not a current quote.

Can I still buy MBTCR shares?

No. MBTCR stopped trading on public markets in April 2024, so the shares are not available through a broker. Anything you see quoted for MBTCR elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before MBTCR stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Nocturne Acquisition Corporation. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Nocturne Acquisition Corporation do?

Nocturne Acquisition Corporation is a special purpose acquisition company (SPAC), also known as a blank check company. It was formed to raise capital through an initial public offering (IPO) with the sole purpose of acquiring one or more existing operating companies, primarily focusing on businesses within the disruptive technology market.

What do analysts say about MBTCR stock?

As of 2026-03-16, there is no available analyst coverage for Nocturne Acquisition Corporation (MBTCR). This is typical for SPACs prior to announcing a merger target. The company's valuation is largely based on speculation regarding its potential acquisition target and the terms of the merger.

What are the main risks for MBTCR?

The main risks for Nocturne Acquisition Corporation include the failure to identify a suitable merger target within the allotted timeframe, which could lead to the liquidation of the company and the loss of invested capital.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Information is based on publicly available sources and may be subject to change.
  • The company is a SPAC and its future performance is highly dependent on its ability to complete a successful merger.
Data Sources

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