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MCADR - MCADR STOCK NEWS

Welcome to our dedicated page for MCADR news (Ticker: MCADR), a resource for investors and traders seeking the latest updates and insights on MCADR stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MCADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MCADR's position in the market.

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On March 15, 2021, Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) announced that holders of its units can begin trading the common stock and rights separately from March 17, 2021. The common stock and rights will be traded under the symbols MCAD and MCADR, respectively, while units will continue to trade under MCADU. This change allows for greater flexibility for investors as the company prepares for a future merger or acquisition, focusing on opportunities in North America.

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On January 14, 2021, Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) announced the full exercise of its underwriters' over-allotment option, resulting in the purchase of 750,000 units for $7.5 million. This brings the total number of units issued to 5,750,000, generating total gross proceeds of $57.5 million from the IPO.

Units began trading on NASDAQ on January 8, 2021, with separate listings for common stock (MCAD) and rights (MCADR) anticipated. The registration statement was declared effective by the SEC on January 7, 2021.

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Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) successfully closed its IPO of 5,000,000 units at $10.00 each on January 12, 2021. This public offering, which started trading on NASDAQ on January 8, 2021, includes shares of common stock and rights. The underwriters also received a 45-day option to purchase up to 750,000 additional units. A registration statement was declared effective on January 7, 2021, and details can be accessed on the SEC's website. The company aims to pursue mergers or acquisitions with businesses, focusing on North America.

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Mountain Crest Acquisition Corp. II (NASDAQ: MCADU) has announced the pricing of its initial public offering (IPO) at $10.00 per unit, totaling 5,000,000 units. The shares will begin trading on NASDAQ under the symbol "MCADU" starting January 8, 2021. Each unit comprises one share of common stock and a right to receive one-tenth of a share upon the completion of an initial business combination. The offering is projected to close on January 12, 2021, and the underwriters hold a 45-day option for an additional 750,000 units. The registration statement became effective on January 7, 2021.

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