Mountain Crest Acquisition Corp. V (MCAGU) Prices $60M IPO

Mountain Crest Acquisition Corp. V announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCAGU” Friday, November 12.

The new SPAC intends to focus on operating businesses in North America and Asia Pacific (excluding China). Mountain Crest is led by Chairman, Chief Executive Officer, and Chief Financial Officer Suying Liu.

Total SPAC deal count for 2021 year-to-date is now 541. This offering is expected to close on Tuesday, November 16.

Chardan acted as sole book running manager in 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.