Mountain Crest Acquisition Corp. IV Announces that Common Stock and Rights to Commence Separate Trading on or about July 28, 2021

Rhea-AI Summary

Mountain Crest Acquisition Corp. IV (NASDAQ: MCAFU) has announced that starting on July 28, 2021, holders of the Company's units can separately trade the common stock and rights within those units. The common stock will trade under the symbol MCAF, and rights under MCAFR, while unseparated units continue to trade as MCAFU. This strategic move allows for greater flexibility in trading and may attract more investor interest. The company aims to engage in mergers or similar business combinations without limiting its search to any specific industry or geographic area.

Positive

• Facilitates separate trading of common stock (MCAF) and rights (MCAFR), enhancing investor flexibility.
• Potential to attract more investors with the option to trade components of units separately.

Negative

• None.

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Mountain Crest Acquisition Corp. IV (the “Company”) (NASDAQ: MCAFU), 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 July 28, 2021.

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

About Mountain Crest Acquisition Corp. IV

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

FAQ

What is the significance of Mountain Crest Acquisition Corp. IV separating its stock and rights for trading?

Separating stock and rights for trading allows investors more flexibility and can attract increased trading activity, potentially improving liquidity.

When will holders of Mountain Crest Acquisition Corp. IV units be able to trade common stock and rights separately?

Holders will be able to trade the common stock and rights separately starting on July 28, 2021.

What are the trading symbols for Mountain Crest Acquisition Corp. IV's common stock and rights?

The common stock will trade under the symbol MCAF, and the rights will trade under MCAFR.

Will unseparated units of Mountain Crest Acquisition Corp. IV continue to trade?

Yes, unseparated units will continue to trade under the symbol MCAFU.