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The latest update is out from Mountain Crest Acquisition V (MCAG).
Mountain Crest Acquisition Corp. V (MCAG) has entered into a landmark Business Combination Agreement (BCA) with Korean firm CUBEBIO Co., Ltd., which will result in a merger and a subsequent listing of the combined entity’s shares on The Nasdaq Stock Market. This strategic maneuver aims to transform MCAG into a direct, wholly-owned subsidiary of a newly formed Cayman Islands company, CubeBio Holdings Limited (PubCo). Shareholders of CUBEBIO will exchange their shares for PubCo Ordinary Shares as per the agreed terms. This significant development is expected to conclude by May 15, 2025, at the latest, subject to satisfying closing conditions, including approval from MCAG and CUBEBIO shareholders and receipt of necessary regulatory approvals.
See more insights into MCAG stock on TipRanks’ Stock Analysis page.