On January 14, 2021, Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) announced the full exercise of its underwriters' over-allotment option, resulting in the purchase of 750,000 units for $7.5 million. This brings the total number of units issued to 5,750,000, generating total gross proceeds of $57.5 million from the IPO.
Units began trading on NASDAQ on January 8, 2021, with separate listings for common stock (MCAD) and rights (MCADR) anticipated. The registration statement was declared effective by the SEC on January 7, 2021.
Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) successfully closed its IPO of 5,000,000 units at $10.00 each on January 12, 2021. This public offering, which started trading on NASDAQ on January 8, 2021, includes shares of common stock and rights. The underwriters also received a 45-day option to purchase up to 750,000 additional units. A registration statement was declared effective on January 7, 2021, and details can be accessed on the SEC's website. The company aims to pursue mergers or acquisitions with businesses, focusing on North America.
Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) has announced the pricing of its initial public offering (IPO) at $10.00 per unit, totaling 5,000,000 units. The shares will begin trading on NASDAQ under the symbol "MCADU" starting January 8, 2021. Each unit comprises one share of common stock and a right to receive one-tenth of a share upon the completion of an initial business combination. The offering is projected to close on January 12, 2021, and the underwriters hold a 45-day option for an additional 750,000 units. The registration statement became effective on January 7, 2021.