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

Mountain Crest Acquisition 6’s (NASDAQ:MCAH) lock-up period will end on Tuesday, October 27th. Mountain Crest Acquisition 6 had issued 6,000,000 shares in its public offering on April 30th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Mountain Crest Acquisition 6 in a research report on Wednesday, September 16th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Mountain Crest Acquisition 6 Stock Performance

NASDAQ MCAH opened at $10.07 on Thursday. The business has a fifty day moving average price of $10.03. Mountain Crest Acquisition 6 has a 12-month low of $9.92 and a 12-month 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.