Mountain and Co. I Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

Mountain & Co. I Acquisition Corp.

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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