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

Mountain Crest Acquisition Corp. III (NASDAQ:MCAEU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCAEU” Tuesday, May 18.

The new SPAC aims to combine with an under-researched and underappreciated company that has a scientific advantage in the markets. Mountain Crest is led by Chairman, CEO, and CFO Dr. Suying Liu.

Total SPAC deal count for 2021 year-to-date is now 319. This offering is expected to close on Thursday, May 20.

Chardan Capital Markets is acting as the sole book-running managers of the offering.  Loeb & Loeb LLP is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.