Mountain Crest Acquisition Corp. II Announces that Common Stock and Rights to Commence Separate Trading on or about March 17, 2021

Rhea-AI Summary

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.

Positive

• Increased trading flexibility for unit holders starting March 17, 2021.
• Common stock and rights can be traded separately, potentially enhancing market activity.

Negative

• None.

New York, N.Y., March 15, 2021 (GLOBE NEWSWIRE) -- March 15, 2021 Mountain Crest Acquisition Corp. II (the “Company”) (NASDAQ: MCADU), a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced that holders of the Company's units may elect to separately trade the common stock and rights included in its units commencing on or about March 17, 2021.

The common stock and rights will trade on the NASDAQ Capital Market ("NASDAQ") under the symbols MCAD and MCADR, respectively. Units not separated will continue to trade on NASDAQ under the symbol MCADU. After separation, the common stock and rights may be recombined to create units. 

About Mountain Crest Acquisition Corp. II

Mountain Crest Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Mountain Crest Acquisition Corp. II's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses in North America.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact:

Mountain Crest Acquisition Corp. II
Dr. Suying Liu
Chairman and CEO
311 W 43rd St, 12th Fl, New York, NY 10036
(646) 493-6558

FAQ

What is the announcement made by Mountain Crest Acquisition Corp. II on March 15, 2021?

The announcement allows holders of the company's units to trade the common stock and rights separately starting March 17, 2021.

What symbols will the common stock and rights trade under?

The common stock will trade under the symbol MCAD, and the rights will trade under the symbol MCADR.

What is the significance of separating the units for MCADU investors?

Separating the units allows investors to trade common stock and rights independently, providing more trading options and potential liquidity.

What kind of business combinations is Mountain Crest Acquisition Corp. II pursuing?

The company is focused on mergers, asset acquisitions, share exchanges, or similar business combinations, particularly in North America.

When can investors expect to trade the common stock and rights separately?

Investors can begin trading the common stock and rights separately on March 17, 2021.