Mountain Crest Acquisition II announced that it priced its IPO of 5 million units at $10 per unit.
Units begin trading today on the NASDAQ under MCADU.
Underwriters have been granted a 45-day option to purchase up to an additional 750,000 units to cover any over-allotments.
The offering is expected to close on Jan. 12.
Management’s first SPAC, Mountain Crest I, is in a pending merger with Playboy.
Mountain Crest II has not identified a particular sector, but said it expects “to also take advantage of our sponsor’s extended network with Asian consumer markets by enabling potential business combination targets producing quality products in North America to tap into such consumer demand abroad.” Read more.
