MCAP Acquisition Corporation Announces Pricing of Upsized $275 Million Initial Public Offering

Feb 26, 2021

MCAP Acquisition Corporation (“the Company” or “MCAP”), a special purpose acquisition company sponsored by an affiliate of Monroe Capital LLC, today announced the pricing of its initial public offering of 27,500,000 units at a price of $10.00 per unit. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The Company’s units are expected to be listed on the Nasdaq Stock Market and trade under the symbol “MACQU” beginning February 26, 2021. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the Nasdaq Stock Market and trade under the symbols “MACQ” and “MACQW,” respectively. The offering is expected to close on March 2, 2021, subject to customary closing conditions.

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