Mountain Crest Acquisition Corp. III
MCAE
NASDAQ Capital Market4.97
USD
-2.17
- -
CIK
0001853775
ISIN
US62402U1079
CUSIP
62402U107
Return %
Stock
S&P500
1Y
-49.54
18.02
3Y
-48.92
64.11
5Y
-48.92
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Suying Liu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 311 West 43rd Street New York City NY United States of America 10036
- IPO Date
- Jun 17, 2021
- CIK
- 0001853775
- Similar Companies
- Business
- Mountain Crest Acquisition Corp. III is a special purpose acquisition company (SPAC) formed in 2021 and headquartered in New York, New York. The company primarily operates as a blank check entity created to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses across various industries and geographic areas. Its core function is to facilitate mergers and acquisitions rather than operate an ongoing business or provide direct products and services. A major recent corporate development for Mountain Crest Acquisition Corp. III is its successful business combination with ETAO International Group, a digital healthcare organization based in China. This deal was completed and announced in early 2023. ETAO International Group specializes in delivering high-quality medical services leveraging biomedical and artificial intelligence technologies, including telemedicine, hospital care, primary care, pharmacy services, and health insurance covering all patient life stages. The transaction enabled ETAO to go public via the merger with Mountain Crest and it trades on Nasdaq under the ticker ETAO. The deal included a $250 million private investment in public equity (PIPE) and substantially reshaped Mountain Crest's operations to focus on digital healthcare service provision in the Chinese market. Thus, Mountain Crest Acquisition Corp. III transitioned from a blank check vehicle to a digital healthcare company offering AI-enabled medical and health insurance services primarily in China. This marked a significant strategic shift within the last two years, aligning the company with the healthcare sector and expanding its operational footprint into Asia through ETAO International Group.