Mountain Crest Acquisition III stock and rights may be traded separately starting today, the SPAC said.
Stock and rights will trade on the Nasdaq under MCAE and MCAER, respectively. Units not separated will continue to trade under MCAEU. After separation, stock and rights may be recombined to create units.
Mountain Crest III raised $50 million in an IPO last month. The SPAC said it plans to leverage its 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.
