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Monterey Capital Acquisition Priced, Nasdaq: MCAC

Blank check company targeting the clean energy transition space (pending: ConnectM).

Industry: SPAC

Latest Trade: $10.88 0.00 (0.0%)

First Day Return: -0.4%

Return from IPO: +8.8%

Industry: SPAC

We are a newly organized blank check company formed under the laws of the State of Delaware. We may pursue a business combination opportunity in any business or industry we choose and intend to target businesses with enterprise values of approximately $250 million to $1 billion. We plan to initially target companies in the clean transition economy. Our management team and board of directors are very active in the clean transition ecosystem and connected to well over 300 clean transition companies, a majority of which are in the United States, where “connected” means having direct investment, holding a board seat, or, at a minimum, having vetted a company’s business plan.
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IPO Data
IPO File Date 04/22/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 8.0
Deal Size ($mm) $80
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/10/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 8.0
Deal Size ($mm) $80
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EF Hutton
Company Data
Headquarters Monterey, CA, United States
Founded 2021
Employees 3

Monterey Capital Acquisition (MCAC) Performance