Mountain Crest Acquisition 6 shares close to post-IPO peak as SPAC deadline approaches
Mountain Crest Acquisition 6 Corp. units traded on Nasdaq ticked up to $10.10 Friday, matching the high end of their short range since the IPO. Investors are watching the SPAC’s cash structure and a tight window to secure a deal. The units, under MCAH.U, rose 0.21% by 11:45 a.m. EDT on volume of 8,717, according to MarketScreener data. That’s relevant because Mountain Crest 6 listed on the market less than six weeks ago. The company is a SPAC—a special purpose acquisition company—which means it’s a publicly traded shell that raises money to merge with or acquire another company. It doesn’t have operations itself.