TRADING QUOTES 1:59 AM January 28, 2023
IPO Terms Details
Business Combination
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SPAC Name : Monterey Capital Acquisition Corporation
| Total Public Proceeds at IPO($mm): | 92.0 |
| %Held in Trust: | 101.0 |
| $Held in Trust per Unit: | $ 10.10 |
| Mgmt's Sector Expertise/Focus: | Renewable Energy |
| IPO Date: | 2022-05-11 |
| Months to Complete: | 12 |
| Deadline Date: | 2023-05-13 |
| Unit Structure (MCACU) | |
| Share (MCAC): | 1 Class A Common Stock |
| Warrant (MCACW) | 1 Warrant |
| Right(MCACR) | 1 for 1/10 |
| Public Warrant Terms: | |
| Exercise Price: | 11.500000000 |
| Redemption Price: | Cash/Cashless: $18.00 |
| Redemption: Cash, Cashless or for Shares | Mgmt's Discretion |
| Underwriters: | |
| Book-runner(s): | EF Hutton |
| Co-Manager(s): | |
| Fees (Upfront/Deferred): | 1.0%/4.0% |
| Lawyers: | |
| Issuer's Counsel: | Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. |
| Underwriter's Counsel: | Seward & Kissel LLP |
| Additional Terms: | Crescent Term: $9.20, Limitation on Redemption Rights: 15%, May extend 2 times by an additional three months each by depositing $0.10/share in trust account each extension, Founder Share Lock-Up: 180 days after completion of initial business combination or VWAP of $12.00 for 20/30 trading days, EOI: Anchor investors to purchase up to 990,000 units at $10.00/unit |
SPAC Name: Monterey Capital Acquisition Corporation
| CURRENT FUNDS in TRUST: | $94,205,447* |
| EST. PRO RATA AMOUNT IN TRUST: | $10.24* |
| IMPLIED ENTERPRISE VALUE: | TBD |
| RECORD DATE: | TBD |
| SHAREHOLDER VOTE DATE: | TBD |
| SPAC NameSource: SEC.gov filings and SPAC Insider estimates | |
|---|---|
TRADING QUOTES Business CombinationIPO Terms Details SPAC name: %spacname% CURRENT FUNDS in TRUST: $%ending_trust_ball%* EST. PRO RATA AMOUNT IN TRUST: $%implied_cash_per_share%* IMPLIED ENTERPRISE VALUE: %impliedenterprisevalue% RECORD DATE: %businesscombinationrecorddate% SHAREHOLDER VOTE DATE: %businesscombinationshareholdervotedate% Source: SEC.gov filings and SPAC Insider estimates SPAC name: %spacname% Total Public Proceeds at IPO ($mm): %total% % Held in Trust:
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