Mountain Crest Acquisition 6 Corp. Announces Pricing of $60 Million Initial Public Offering
Rhea-AI Summary
Mountain Crest Acquisition 6 Corp (Nasdaq: MCAHU) priced a $60.0 million initial public offering of 6,000,000 units at $10.00 per unit on April 29, 2026. Each unit comprises one ordinary share and one right; each right converts to one-fourth of a share upon a business combination.
The units are expected to begin trading April 30, 2026, with ordinary shares and rights to trade as MCAH and MCAHR after separation. D. Boral Capital is sole book-running manager; a 45-day 900,000-unit overallotment option and a May 1, 2026 expected close were disclosed.
Positive
- Gross proceeds of $60.0 million from IPO
- Listing on Nasdaq Global Market under ticker MCAHU
- Underwriter granted 45-day 900,000-unit over-allotment option
Negative
- Units include rights that convert to only 0.25 share each
- SPAC structure delays shareholder value until business combination
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Mountain Crest Acquisition 6 Corp. (the “Company”), a blank check company incorporated as a British Virgin Islands business company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 6,000,000 units at an offering price of
D. Boral Capital LLC is acting as the sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to 900,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any. The offering is expected to close on May 1, 2026, subject to customary closing conditions.
A registration statement on Form S-1 (File No. 333-294891) (the “Registration Statement”) relating to the securities to be sold in the initial public offering, as amended, was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2026. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022 by telephone at (212) 970-5150 by email at @dbccapitalmarkets@dboralcapital.com, or by accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Mountain Crest Acquisition 6 Corp.
Mountain Crest Acquisition 6 Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact Information – Mountain Crest Acquisition 6 Corp., Dr. Suying Liu, Chairman, CEO and CFO, 524 Broadway, 11th Floor, New York, NY 10012, (646) 493-6558
