Mountain Crest Acquisition Corp. IV
MCAFU
NASDAQ Capital Market13.29
USD
+0.99
- -
CIK
0001853774
ISIN
US62403K2078
CUSIP
62403K207
Return %
Stock
S&P500
1Y
27.79
18.21
3Y
33.84
64.38
5Y
33.84
72.43
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
- Full Time Employees
- 1
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 311 West 43rd Street New York City NY United States of America 10036
- IPO Date
- Jun 30, 2021
- CIK
- 0001853774
- Website
- mcacquisition.com
- Similar Companies
- Business
- Mountain Crest Acquisition Corp. IV Mountain Crest Acquisition Corp. IV is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on North American opportunities. The company offered units consisting of one share of common stock and one right to receive one-tenth of one share of common stock upon completion of an initial business combination; these securities do not include warrants or redeemable rights beyond the specified structure. Headquartered in New York and founded in 2021, it completed its initial public offering in June 2021, raising $57.50 million, which was placed 100% in trust, with an extended tenor of up to 36 months for seeking a target. In March 2024, Mountain Crest Acquisition Corp. IV completed its business combination with CH-AUTO Technology Corporation Ltd., a Chinese electric vehicle manufacturing and design services company, following a definitive merger agreement announced on May 2, 2022, and stockholder approvals in November and December 2023. Under the terms, shareholders of Mountain Crest Acquisition Corp. IV received one Class A ordinary share of the resulting holding company, CH Auto Inc., a Cayman Islands exempted entity, for each share held, with the transaction valuing CH-AUTO equity at approximately $1.7 billion including assumed net debt of around $460 million. Trading in Mountain Crest Acquisition Corp. IV units (MCAFU) was suspended effective April 2, 2024, and delisted from indices thereafter, marking the culmination of its SPAC lifecycle without ongoing independent operations.
CH Auto Technology Corporation Ltd. Completes Business Combination
Mountain Crest Acquisition Corp. IV Announces Closing of $50 Million Initial Public Offering
Mountain Crest Acquisition Corp. IV Announces Pricing of $50 Million Initial Public Offering