Mountain Crest Acquisition 6 Corp. completed a $60 million initial public offering, selling 6 million units at $10 apiece, the company said. Trading of the units began on the Nasdaq Global Market on April 30, 2026.
Each issued unit comprises one ordinary share and one right. The rights carry the entitlement to receive one-fourth of an ordinary share upon the closing of the companys initial business combination, meaning conversion of those rights depends on completion of that transaction. The ordinary shares and the rights are anticipated to begin separate trading under the ticker symbols "MCAH" for the ordinary shares and "MCAHR" for the rights.
D. Boral Capital LLC served as the sole book-running manager for the offering. As part of the underwriting arrangements, the underwriter has a 45-day option to purchase up to 900,000 additional units at the offering price less underwriting discounts to address any over-allotments that may arise.
The Securities and Exchange Commission declared the registration statement for the offering effective on April 29, 2026, clearing the way for the offering to proceed. Mountain Crest Acquisition 6 Corp. is incorporated as a British Virgin Islands business company and was established as a special purpose acquisition company. Its stated purpose is to pursue mergers, acquisitions or similar business combinations with other businesses.
The structure of the offering - units composed of shares plus detachable rights - and the underwriters over-allotment option are typical features intended to provide flexibility during the initial trading and settlement period. The conversion of rights into fractional shares, contingent on closing an initial business combination, underlines that holders outcomes are linked to the companys ability to complete such a transaction. With the registration statement declared effective on April 29 and trading commencing the next day, the SPAC now moves into the period where it will seek a qualifying target for a business combination.
Details released about the offering do not disclose a target or timeline for a business combination, only the companys formation as a vehicle for pursuing such transactions. The underwriting option extends 45 days from the offering, during which additional units may be issued to cover over-allotments at the offering price less underwriting discounts.