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


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

Jun 29, 2021 IPOs by Marlena Haddad

Mountain Crest Acquisition Corp. IV announced the pricing of its $50M IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCAFU” Wednesday, June 30.

The new SPAC aims to combine with a North American-based target that has a scientific or other competitive advantage in the markets. Mountain Crest IV is led by Chairman, CEO, and CFO Dr. Suying Liu.

Total SPAC deal count for 2021 year-to-date is now 353. This offering is expected to close on Friday, July 2.

Network 1 Financial Securities, Inc. acted as sole book running manager in the offering. Maxim Group LLC acted as an underwriter and financial advisor in connection with the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ortoli Rosentadt LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.