MCAP Acquisition Corporation Announces Closing of $316,250,000 Initial Public Offering

Mar 02, 2021

MCAP Acquisition Corporation (“the Company” or “MCAP”), a special purpose acquisition company sponsored by an affiliate of Monroe Capital LLC, today announced the closing of its initial public offering of 31,625,000 units, which included the full exercise of the underwriter’s over-allotment option. The offering was priced at $10.00 per unit, generating gross proceeds of $316,250,000. 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 listed on the Nasdaq Stock Market and trade under the symbol “MACQU.” 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.

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