Mountain Crest Acquisition Corp. IV
MCAFR
NASDAQ Capital Market0.19
USD
+0.01
- -
CIK
0001853774
ISIN
US62403K1161
CUSIP
62403K116
Return %
Stock
S&P500
1Y
5.27
24.99
3Y
-59.66
70.19
5Y
-59.66
77.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Suying Liu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 311 West 43rd Street New York City DE United States of America 10036
- CIK
- 0001853774
- Website
- mcacquisition.com
- Similar Companies
- Business
- Mountain Crest Acquisition Corp. IV is a special purpose acquisition company (SPAC) incorporated in 2021 and based in New York, New York. The company primarily operates as a blank check entity focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. It does not have significant independent operations but targets operational businesses with strategic growth potential. Mountain Crest Acquisition Corp. IV aims to identify and consolidate companies with innovative technologies and business models, particularly emphasizing sectors such as high-tech automotive and electric vehicle (EV) industries. In March 2024, Mountain Crest Acquisition Corp. IV completed a major business combination through a reverse merger with CH-Auto Technology Corporation Ltd, a Chinese electric vehicle manufacturing and design service company. This merger positioned CH-Auto, which specializes in EV mechanical architecture, lightweight alloy materials, and advanced automotive manufacturing, as a publicly traded entity via Mountain Crest Acquisition Corp. IV’s SPAC structure. The transaction included the transfer of Mountain Crest IV shareholders into CH Auto shares, signifying a significant strategic shift from a SPAC to an operational automotive technology company with plans for global market expansion including the United States. Mountain Crest Acquisition Corp. IV’s core business focus transitioned through this merger toward electric vehicle manufacturing, design services, and integrating innovative automotive technologies. CH-Auto’s product portfolio includes electric vehicles and related technological components that emphasize lightweight, advanced mechanical architecture, and new energy vehicle technologies. Together, the combined entity targets growth in the new energy vehicle sector with ambitions to establish a multinational presence leveraging Chinese EV manufacturing expertise with global market penetration. The company’s founding in 2021 and its operation as part of the Mountain Crest Acquisition franchise illustrate a strategic model of using blank-check vehicles to facilitate entry for transformative companies into public markets. The recent merger represents the latest significant corporate development, enabling Mountain Crest to expand from a financial vehicle to a business with active operations in electric mobility technology and global automotive innovation. Mountain Crest Acquisition Corp. IV is now engaged primarily through its integration with CH-Auto Technology Corporation Ltd, representing a shift to operating in the automotive and electric vehicle manufacturing industry with a focus on advanced vehicle design, material innovation, and international growth strategies. The company operates in the United States and China, with plans for an international expansion based on its new EV technology platform and production capabilities.