Mountain and Co. I Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering
PR92862
ZURICH, Nov. 5, 2021 /PRNewswire=KYODO JBN/ --
Mountain and Co. I Acquisition Corp. (the "Company") today announced the
pricing of its initial public offering of 20,000,000 units at a price of $10.00
per unit. The units are expected to be listed for trading on the Nasdaq Global
Market under the ticker symbol "MCAAU" beginning November 5, 2021. Each unit
consists of one of the Company's Class A ordinary shares and one-half of one
redeemable warrant. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Company expects that its Class
A ordinary shares and warrants will be listed on the Nasdaq Global Market under
the symbols "MCAA" and "MCAAW," respectively.
The Company was formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. Although the Company's
efforts to identify a prospective business combination opportunity will not be
limited to a particular industry, it intends to focus on the consumer internet
and B2B digital infrastructure sectors.
Credit Suisse Securities (USA) LLC is acting as book-running manager. The
Company has granted the underwriters a 45-day option to purchase up to
3,000,000 additional units at the initial public offering price to cover
over-allotments, if any.
The public offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to the offering may be obtained
from Credit Suisse Securities (USA) LLC, 6933 Louis Stephens Drive,
Morrisville, North Carolina 27560, Attn: Prospectus Department or by e–mail at
usa.prospectus@credit-suisse.com.
A registration statement relating to the securities became effective on
November 4, 2021. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. The offering is
expected to close on November 9, 2021, subject to customary closing conditions.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking
statements," including with respect to the proposed initial public offering and
the Company's plans with respect to the target industry for a potential
business combination. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that the Company
will ultimately complete a business combination transaction. Forward-looking
statements are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk Factors section
of the Company's registration statement and preliminary prospectus for the
Company's offering filed with the U.S. Securities and Exchange Commission (the
"SEC"). Copies of these documents are available on the SEC's website, at
www.sec.gov. The Company undertakes no obligation to update these statements
for revisions or changes after the date of this release, except as required by
law.
SOURCE Mountain & Co. I Acquisition Corp.
CONTACT: Liz Young, youngelizann@gmail.com
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