Mountain Crest Acquisition 6 Corp. Units’ (NASDAQ:MCAHU) Quiet Period To End on June 9th

Mountain Crest Acquisition 6 Corp. Units’ (NASDAQ:MCAHU) quiet period will end on Tuesday, June 9th. Mountain Crest Acquisition 6 Corp. Units 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. During Mountain Crest Acquisition 6 Corp. Units’ quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mountain Crest Acquisition 6 Corp. Units to a “hold” rating in a report on Saturday, May 9th.

Mountain Crest Acquisition 6 Corp. Units Stock Performance

Shares of Mountain Crest Acquisition 6 Corp. Units stock opened at $10.09 on Tuesday. Mountain Crest Acquisition 6 Corp. Units has a 1 year low of $9.98 and a 1 year high of $10.10.

Insider Activity

In other Mountain Crest Acquisition 6 Corp. Units news, CEO Suying Liu purchased 25,000 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the acquisition, the chief executive officer directly owned 2,982,143 shares of the company’s stock, valued at $29,821,430. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.