Mountain Crest Acquisition Corp. II Announces Pricing of $50 Million Initial Public Offering
08 Januar 2021 - 1:10AM
Mountain Crest Acquisition Corp. II (NASDAQ: MCADU, the “Company”)
announced today that it priced its initial public offering of
5,000,000 units at $10.00 per unit. The units are expected to be
listed on The NASDAQ Capital Market (“NASDAQ”) and trade under the
ticker symbol “MCADU” beginning tomorrow, January 8, 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 “MCAD” and
“MCADR”, respectively.
The underwriters have been granted a 45-day
option to purchase up to an additional 750,000 units offered by the
Company to cover over-allotments, if any.
The offering is expected to close on January 12,
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 January 7, 2021. The offering is being made only by
means of a prospectus, copies of which may be obtained by
contacting Chardan, 17 State Street, 21st floor, New York, New York
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
Acquisition Corp. II Mountain Crest Acquisition Corp. II
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. Mountain Crest Acquisition Corp. II’s efforts to
identify a prospective target business will not be limited to a
particular industry or geographic region, although the Company
intends to focus on operating businesses in North America.
Forward-Looking Statements
This 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, including the successful consummation
of the Company’s initial public offering, 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. IIDr. Suying
LiuChairman and CEO311 W 43rd St, 12th Fl, New York, NY 10036(646)
493-6558
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