Corporate ActionMay 5, 2026, 04:08 PM
MCAHU Prices & Closes $60M IPO of 6M Units at $10.00/Unit
AI Summary
Mountain Crest Acquisition 6 Corp. successfully priced and closed its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, generating gross proceeds of $60,000,000. Each unit comprises one ordinary share and one right to receive one-fourth of an ordinary share upon business combination. Concurrently, a private placement of 90,000 private units at $10.00 each raised an additional $900,000. A total of $60,000,000 from these offerings has been deposited into a trust account for the benefit of public shareholders.
Key Highlights
- Initial Public Offering (IPO) of 6,000,000 units priced at $10.00 per unit.
- Generated gross proceeds of $60,000,000 from the IPO.
- Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share.
- Private placement of 90,000 private units at $10.00 each, raising $900,000.
- A total of $60,000,000 deposited into a trust account for public shareholders.
- Units began trading on Nasdaq under ticker symbol "MCAHU" on April 30, 2026.
- Registration statement declared effective by the SEC on April 29, 2026.
- Company filed its Amended and Restated Memorandum and Articles of Association.