Mountain and Co. I Acquisition Corp. Announces Closing of $200 Million Initial Public Offering
PR92938
ZURICH, Nov. 10, 2021 /PRNewswire=KYODO JBN/ --
Mountain and Co. I Acquisition Corp. (the "Company") announced the closing
today of its initial public offering of 20,000,000 units at a price of $10.00
per unit. The units began trading on the Nasdaq Global Market (the "Nasdaq")
under the ticker symbol "MCAAU" on November 5, 2021. Each unit consists of one
Class A ordinary share and one-half of one redeemable warrant, with each whole
warrant exercisable to purchase one Class A ordinary share at a price of $11.50
per share. After the securities comprising the units begin separate trading,
the Class A ordinary shares and the warrants are expected to be listed on the
Nasdaq 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.
A registration statement relating to these securities was declared effective by
the U.S. Securities and Exchange Commission (the "SEC") on November 4, 2021.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, 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 being made only by means of a prospectus. 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking
statements," including with respect to the Company's search for an initial
business combination. No assurance can be given 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 for the initial public offering filed
with the SEC. Copies are available on the SEC's website, 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 and Co. I Acquisition Corp.
CONTACT: Liz Young, youngelizann@gmail.com
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