0001829126-26-004742
SEC filingMountain Crest Acquisition 6 Corp. consummated its IPO of 6,000,000 units at $10.00 per unit on May 1, 2026, generating $60,000,000 in gross proceeds deposited into a trust account.
Mountain Crest Acquisition 6 Corp., a blank check company incorporated in the British Virgin Islands on January 6, 2026, completed its initial public offering on May 1, 2026, selling 6,000,000 units at $10.00 per unit, each consisting of one ordinary share and one right to one-fourth of an ordinary share upon business combination. This generated $60,000,000 in gross proceeds, fully deposited into a trust account with Continental Stock Transfer & Trust Company, invested in U.S. government securities or money market funds. Simultaneously, a private placement of 90,000 units occurred to sponsor Mountain Crest Holdings 6 LLC (25,000 units for $250,000) and lead underwriter D. Boral Capital LLC (65,000 upfront compensation units). Underwriting fees totaled $900,000, with $250,000 in cash and $650,000 via units, plus $358,100 in other costs. The balance sheet as of May 1 reflects strong liquidity in the trust but minimal operating cash ($4,650) and a promissory note to the related party sponsor of $346,720. Auditor WWC, P.C. issued an unqualified opinion but flagged substantial going concern doubt, as the Company has only 12 months (extendable to 18) to complete a business combination or face liquidation, with insufficient working capital otherwise. Up to 385,714 founder shares are subject to forfeiture if over-allotment not exercised, and D. Boral entitled to 150,000 deferred compensation shares at closing. This standard SPAC structure positions the Company to pursue a merger with a target valued at least 80% of trust assets, offering public shareholders redemption rights.