Monitor the company's progress toward identifying a business combination target within the 12-month window. The limited working capital may pressure the sponsor to complete a deal quickly or seek additional financing. The unit structure (share + right) may trade separately after 52 days.
Price Chart
Executive Summary
Mountain Crest Acquisition 6 Corp. (MCAHU) filed an 8-K documenting its IPO of 6,000,000 units at $10.00 per unit, with each unit consisting of one ordinary share and one right to receive 1/4 share upon a future business combination. The gross proceeds of $60 million (up to $69 million if over-allotment is exercised) will be placed in a trust account, with only ~$350,000 available for working capital. This is a standard SPAC IPO with no target identified and a 12-month completion window.
Key Financial Metrics
Key Facts
- IPO of 6,000,000 units at $10.00 per unit (firm), plus over-allotment option of up to 900,000 units.
- Gross proceeds from firm units: $60,000,000; from over-allotment: up to $9,000,000.
- Underwriters receive 1.5% commission ($900,000 firm, up to $135,000 over-allotment), partly in cash and partly in private placement units.
- Sponsor purchased 2,957,143 founder shares for $25,000; 385,714 shares subject to forfeiture if over-allotment not exercised.
- Private placement of 25,000 units to sponsor at $10.00/unit; up to 65,000 (or 78,500) units to underwriter as commission.
- Trust account initially funded with $60,000,000 (including proceeds from private placement).
- Only ~$350,000 available outside trust for working capital.
- Company must complete initial business combination within 12 months (with two 3-month extensions at sponsor's option).
Financial Impact
IPO raises $60 million gross (up to $69 million) for trust account; working capital limited to ~$350,000.
Risk Factors
- No target identified; risk of liquidation if no business combination completed within 12-18 months.
- Limited working capital outside trust may constrain operations.
- Dilution from founder shares and placement units upon business combination.
Market Snapshot
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-004565 |
| Document: mountaincrest6_ex1-1.htm | 0001829126-26-004565 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 17, 2026 18w ago | Press Release | $10.04 $10.39 | ▲ +3.49% | ▲ +2.17% | $10.26 (+2.19%) |
May 5, 2026 24w ago | 8-K | $10.02 $10.08 | ▲ +0.60% | ▼ −2.18% | $10.26 (+2.40%) |
US Market Status
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