Mountain Crest Acquisition Corp. V Announces Pricing of $60 Million Initial Public Offering
November 12 2021 - 11:20AM
Mountain Crest Acquisition Corp. V (NASDAQ: MCAGU, the
"Company") announced today that it priced its initial public
offering of 6,000,000 units at $10.00 per unit. The units
are expected to be listed on The NASDAQ Global Market ("NASDAQ")
and trade under the ticker symbol "MCAGU" beginning
today, November 12, 2021. Each unit consists of one share of
common stock and one right to receive one-tenth of one share of
common stock upon the consummation of an initial business
combination. Once the securities comprising the units begin
separate trading, the common stock and rights are expected to be
listed on NASDAQ under the symbols "MCAG" and "MCAGR",
respectively.
The underwriters have been granted a 45-day option to purchase
up to an additional 900,000 units offered by the Company to cover
over-allotments, if any.
The offering is expected to close on November 16, 2021,
subject to customary closing conditions.
Chardan acted as sole book running manager in the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission
on November 12, 2021. The offering is being made only by means
of a prospectus, copies of which may be obtained by contacting
Chardan, 17 State Street, Suite 2130, New York, NY 10004. Copies of
the registration statement can be accessed through the SEC's
website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Mountain Crest Acquisition Corp.
VMountain Crest Acquisition Corp. V is a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. The
Company's efforts to identify a prospective target business will
not be limited to a particular industry or geographic region,
although it intends to focus on operating businesses in North
America and Asia Pacific (excluding China).
Forward-Looking StatementsThis press release
includes forward-looking statements that involve risks and
uncertainties. Forward-looking statements are statements that are
not historical facts. Such forward-looking statements are subject
to risks and uncertainties, which could cause actual results to
differ from the forward-looking statements. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
Contact:Mountain Crest Acquisition Corp. VDr. Suying
LiuChairman, CEO and CFO311 W 43rd St, 12th Fl, New York,
NY 10036(646) 493-6558
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