ZURICH, Nov. 9, 2021 /PRNewswire/ -- Mountain & 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.