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Mountain Crest Acquisition Corp. (MCACU) Prices $50M IPO


Mountain Crest Acquisition Corp. (MCACU) Prices $50M IPO

Mountain Crest Acquisition Corp. (MCACU), announced the pricing of their $50 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, June 5th, under the symbol Nasdaq: MCACU.

Mountain Crest Acquisition Corp. intends to pursue companies in North America and will be led by Dr. Suying Liu, as Chairman and Chief Executive Officer, and Dong Li, as Chief Financial Officer.

Total SPAC deal count for 2020 year-to-date is now 29 with $9.35 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, June 9, 2020.

Chardan Capital Markets, LLC acted as sole book-running manager for the offering. Loeb & Loeb LLP and Scarinci Hollenbeck, LLC were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP acted as auditor.