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.
The pace of lock-up expirations is picking up in the final month of the year after a relatively quiet November. Seven de-SPACs and sponsors will be freed to run downstairs and see what the public markets have brought them, but not all are likely to find treats in their wooden clogs. The fastest kid into...
Innovative International (NASDAQ:IOAC) announced in an 8-K that it has removed its earnout shares in connection to its combination with car sharing program Zoomcar. On November 30, IOAC and Zoomcar agreed to a letter agreement regarding the release of 20 million earnout shares, which were originally intended to be placed in an escrow account upon...
Nukkleus (OTC:NUKK) announced “the completion of its strategic merger” with Brilliant (NASDAQ:BRLI) this morning, which has caused some ripples in the market, but it does not appear to represent an actual closing of the business combination. The two sides may have dotted the Is and crossed the Ts on their own internal documents, but Brilliant...
ClimateRock (NASDAQ: CLRC) announced this morning that it has terminated its business combination with solar plant developer EEW. The SPAC noted that it decided to part ways with its target since the conditions to closing were not satisfied or waived by the outside date of September 30. ClimateRock inked the $650 million deal with EEW in...
10x Capital Venture II (NASDAQ:VCXA) filed a variety of changes to its combination with African Agriculture while also postponing its completion vote to 8 am ET December 5. The tweaks waive African Agriculture’s requirement to secure an offtake agreement and also shift 3,000,000 shares to a bonus pool for all combined company shareholders. Of these,...