Mountain Crest Acquisition V priced its IPO of 6 million units at $10 each. The units begin trading today on the Nasdaq under MCAGU. Each consists of one share and one right to receive one-tenth of a share.
The latest Mountain Crest SPAC from Dr. Suying Liu plans to pursue prospective targets in North America and the Asia Pacific regions, excluding China, Hong Kong and Macau.
The underwriters have an option to purchase up to an additional 900,000 units.
The offering is expected to close Nov. 16.
Chardan is sole book-running manager of the offering. Read more.
