Mountain Crest Acquisition 6 shares close to post-IPO peak as SPAC deadline approaches
Mountain Crest Acquisition 6 units rose 0.21% to $10.10 on Nasdaq late Friday morning, near their post-IPO high. The SPAC raised $60 million on May 1 but has not chosen a merger target, and management flagged “substantial doubt” about liquidity and meeting its 12-month deal deadline. Trading volume reached 8,717 units by 11:45 a.m. EDT. The company reported no revenue and a net loss of $43,470 through March 31.