Wednesday, May 7, 2025

Latest

Clean Transition SPAC Monterey Capital Acquisition Prices Downsized US$80 Million IPO

Special purpose acquisition company Monterey Capital Acquisition Corporation (Nasdaq: MCACU) started trading its securities on the Nasdaq Global Market today. The firm priced its initial public offering, aiming to raise total proceeds of US$80.0 million.

The offering will entail selling 8.0 million units, down from the original 10.0 million, priced at US$10.00 per unit. Each unit is composed of one Class A common share, one redeemable warrant, and one-tenth of a right. Each whole warrant is exercisable to purchase one common share at US$11.50 per share while each whole right equates to one common share upon business combination.

The company units trade on the Nasdaq big board under the symbol “MCACU”. Once the securities separate, the company shares, warrants, and rights will trade under the ticker symbols “MCAC”, “MCACW”, and “MCACR”, respectively.

The proposed offering is being managed by EF Hutton as the sole bookrunner. The underwriters were granted a 45-day over-allotment option to purchase additional 1.2 million company units.

The blank check company intends to focus its search on businesses in the clean transition sector.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Oncology Firm TransCode Therapeutics Looks To Raise US$25 Million In IPO

Oncology company TransCode Therapeutics, Inc. is set to begin publicly trading its equityon the Nasdaq...

Friday, July 9, 2021, 09:53:00 AM

Houston Natural Resources-Backed Energy SPAC HNR Acquisition Closes US$86.25 Million IPO

Special purpose acquisition company HNR Acquisition Corp. (NYSE: HNRAU) closed its initial public offering on...

Thursday, February 24, 2022, 03:40:00 PM

Tech SPAC Athena Technology Acquisition II Looks To Raise US$250 Million In IPO

Blank check company Athena Technology Acquisition Corp. II (NYSE: ATEK.U) went public today on the...

Friday, December 10, 2021, 02:11:00 PM

Venture Capital-Backed SPAC Banner Acquisition Eyes US$150 Million IPO

Special purpose acquisition company Banner Acquisition Corp. (Nasdaq: BNNRU) started trading publicly yesterday on the...

Thursday, September 9, 2021, 12:44:00 PM

Nasdaq Stops Chinese Firms’ IPOs While Probe On Stock Rallies Ensues

The Nasdaq has halted the preparations for at least four small Chinese companies’ initial public...

Monday, October 24, 2022, 01:33:00 PM