Mountain Crest Acquisition Corp. V Announces Pricing of $60 Million Initial Public Offering
November 12, 2021
NEW YORK, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Mountain Crest Acquisition Corp. V (NASDAQ: MCAGU, the "Company") announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The units are expected to be listed on The NASDAQ Global Market ("NASDAQ") and trade under the ticker symbol "MCAGU" beginning today, November 12, 2021. Each unit consists of one share of common stock and one right to receive one-tenth of one share of common stock upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the common stock and rights are expected to be listed on NASDAQ under the symbols "MCAG" and "MCAGR", respectively.
The underwriters have been granted a 45-day option to purchase up to an additional 900,000 units offered by the Company to cover over-allotments, if any.
The offering is expected to close on November 16, 2021, subject to customary closing conditions.
Chardan acted as sole book running manager in the offering.
Thank You!
We've received your information, and we're processing your request.