MCAC
Closed
Monterey Capital Acquisition Corporation
3.54
-3.47 (-49.50%)
Last Update: 12 Jul 2024 23:00:00
Yesterday: 7.01
Day's Range: 3.54 - 7.5
Send
sign up or login to leave a comment!
When Written:
10.26
Monterey Capital Acquisition Corporation is a SPAC that was formed for the purpose of acquiring one or more businesses or assets. SPACs are shell companies that raise money through an initial public offering (IPO) and then use the proceeds to acquire an existing company or companies. The target company may not be identified at the time of the IPO, but the SPAC will typically have a specific industry or sector in mind.
Monterey Capital Acquisition Corporation was founded by a team of experienced investors and executives, including CEO and Chairman James J. Murren, who was previously the CEO of MGM Resorts International. The company's IPO raised $250 million in August 2021, and it is listed on the NASDAQ under the ticker symbol MCAQ.
As of September 2021, Monterey Capital Acquisition Corporation has not yet announced a target company for acquisition. Once a target has been identified, shareholders will have the option to vote on whether to approve the acquisition. If the acquisition is approved, the target company will become a publicly traded company through the SPAC merger.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
Monterey Capital Acquisition Corporation was founded by a team of experienced investors and executives, including CEO and Chairman James J. Murren, who was previously the CEO of MGM Resorts International. The company's IPO raised $250 million in August 2021, and it is listed on the NASDAQ under the ticker symbol MCAQ.
As of September 2021, Monterey Capital Acquisition Corporation has not yet announced a target company for acquisition. Once a target has been identified, shareholders will have the option to vote on whether to approve the acquisition. If the acquisition is approved, the target company will become a publicly traded company through the SPAC merger.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
(0)
(0)
Send
sign up or login to leave a comment!!