Mountain Crest Acquisition IV registered with the SEC to offer 5 million units at $10 each.
A unit consists of one share of common stock and one right to receive one-tenth of a share of common stock upon the consummation of an initial business combination.
The underwriters, Network 1 Financial Securities, have a 45-day option to purchase up to 750,000 additional units (to cover any over-allotments.
Mountain Crest IV in the filing said it will target companeis in North America.
The SPAC is led by Chairman, CEO and CFO Dr. Suying Liu, who also oversees Mountain Crest II and III.
Management’s first Mountain Crest SPAC closed a merger with Playboy in February for $381 million.
The SPAC has applied for a Nasdaq listing under MCAFU. Read more.
