Monroe Capital’s MCAP Acquisition closed its IPO of 31.625 million units, including the full exercise of the underwriter’s over-allotment option.
Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable to purchase one share of Class A common stock at $11.50.
Units list on the Nasdaq under MACQU. Once the securities comprising the units begin separate trading, stock and warrants will list under MACQ and MACQW, respectively.
The SPAC has said it will concentrate on software, technology-enabled and business services companies. Read more.
