Overview
Mountain Crest Acquisition 6 Corp. closed its initial public offering on May 1, 2026, securing $60 million by selling 6 million units at $10 each, according to the company statement. The units commenced trading on the Nasdaq Global Market under the ticker symbol MCAHU on April 30, 2026, following the Securities and Exchange Commission declaration that the registration statement was effective on April 29, 2026.
Unit structure and conversion rights
Each unit issued in the offering includes one ordinary share and one right. Those rights carry an entitlement that, upon the closing of the company’s initial business combination, allows holders to receive one-fourth of an ordinary share per right. The structure is designed to reflect the unitized form of the securities until such time as separate trading of the components begins.
Underwriting and overallotment
D. Boral Capital LLC acted as the sole bookrunner for the transaction. To provide flexibility for demand above the initial allotment, the company granted the underwriter a 45-day option to purchase up to 900,000 additional units at the IPO price less the underwriting discount to cover any over-allotments.
Trading of separated securities
Once the combined units are split into their components and begin separate trading, the ordinary shares are expected to trade under the symbol MCAH and the rights under MCAHR on Nasdaq. Until that separation occurs, investors will hold the bundled unit represented by MCAHU.
Company purpose
Mountain Crest Acquisition 6 Corp. is a special purpose acquisition company formed to complete a merger, share exchange, asset acquisition or similar business combination with one or more businesses. The company will pursue such a combination as its primary operating objective.
Context and closing note
The offering’s key milestones - SEC effectiveness on April 29, 2026, the start of unit trading on April 30, 2026, and the close of the IPO on May 1, 2026 - complete the initial capital raise. The underwriter’s option and the conversion mechanics of the rights are defined in the offering terms and will play a role once Mountain Crest proceeds toward identifying and executing an initial business combination.