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

Rhea-AI Summary

Mountain Crest Acquisition Corp. III (NASDAQ: MCAEU) announced on June 16, 2021, that holders of its units can separately trade common stock and rights starting June 17, 2021. The common stock will trade under the symbol MCAE, and the rights will trade under MCAER, while the units will continue trading as MCAEU. This enables investors to recombine the common stock and rights back into units if desired. Mountain Crest focuses on merging with operating businesses primarily in North America.

Positive

• Enables separate trading of common stock and rights, providing liquidity options for investors.
• Potential for reorganization and business combination could lead to market expansion.

Negative

• Risks and uncertainties associated with identifying potential target businesses may affect investor confidence.

NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- Mountain Crest Acquisition Corp. III (the “Company”) (NASDAQ: MCAEU), 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 June 17, 2021.

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

About Mountain Crest Acquisition Corp. III

Mountain Crest Acquisition Corp. III 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. III'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 potential for identification and acquisition of a prospective target business, 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. III
Dr. Suying Liu
Chairman, CEO and CFO
311 W 43rd St, 12th Fl, New York, NY 10036
(646) 493-6558

FAQ

When can I start trading the common stock and rights of Mountain Crest Acquisition Corp. III?

You can start trading the common stock and rights separately on June 17, 2021.

What are the ticker symbols for the common stock and rights of Mountain Crest Acquisition Corp. III?

The common stock trades under the symbol MCAE and the rights under MCAER.

What is the significance of separating the trading of common stock and rights?

Separating these allows investors more flexibility and liquidity in managing their holdings.

What type of businesses does Mountain Crest Acquisition Corp. III aim to acquire?

Mountain Crest intends to focus on operating businesses in North America.