Mountain Crest Acquisition 6 Corp.’s Lock-Up Period Set To End on October 27th (NASDAQ:MCAH)

Mountain Crest Acquisition 6’s (NASDAQ:MCAH) lock-up period is set to expire on Tuesday, October 27th. Mountain Crest Acquisition 6 had issued 6,000,000 shares in its IPO on April 30th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Mountain Crest Acquisition 6 in a research report on Wednesday, September 16th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Mountain Crest Acquisition 6 Stock Performance

MCAH opened at $10.07 on Friday. The business’s fifty day simple moving average is $10.03. Mountain Crest Acquisition 6 has a fifty-two week low of $9.92 and a fifty-two week high of $11.04.

About Mountain Crest Acquisition 6

Mountain Crest Acquisition 6 Corp. is a special purpose acquisition company, or SPAC, incorporated to identify and complete a business combination with an operating company. Potential transactions may include a merger, stock exchange, asset acquisition, reorganization, or similar business combination.

Unlike an operating company, Mountain Crest Acquisition 6 does not have established products, services, or commercial operations of its own. Its activities are primarily focused on evaluating potential acquisition targets and completing an appropriate transaction.

The company has not publicly established a specific industry or geographic market for its target and may pursue a business combination with an operating company in a range of sectors.