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Friday, February 17, 2023

Equity Corporate Actions Alert #2023 - 100
(UPDATED: Closed) Information Regarding the Business Combination of Mountain Crest Acquisition Corp. III (MCAE/R/U) and Etao International Co., Ltd. (ETAO)

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  • Industry Announcement

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The business combination of Mountain Crest Acquisition Corp. III (MCAE/R/U) and Etao International Co., Ltd. (ETAO) became effective today, February 17, 2023. As a result of the business combination, the common stock, right, and unit of Mountain Crest Acquisition Corp. III (MCAE/R/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Mountain Crest Acquisition Corp. III Common Stock
CUSIP#: 62402U107
Symbol: MCAE
Last Trading Date: February 17, 2023
Marketplace Effective Date for Suspension: February 21, 2023
Merger Consideration: One (1) Etao International Co., Ltd. Ordinary Share (ETAO) for each share held.
Company Name/Issue: Mountain Crest Acquisition Corp. III Rights
CUSIP#: 62402U115
Symbol: MCAER
Last Trading Date: February 17, 2023
Marketplace Effective Date for Suspension: February 21, 2023
Merger Consideration: One (1) Etao International Co., Ltd. Ordinary Share (ETAO) for every 10 rights held.
Company Name/Issue: Mountain Crest Acquisition Corp. III Unit
CUSIP#: 62402U206
Symbol: MCAEU
Last Trading Date: February 17, 2023
Marketplace Effective Date for Suspension: February 21, 2023
Merger Consideration: Unit will separate into its components.

As a result of the merger, the combined company will be listed on the Nasdaq Capital Market. The details are as follows:

Company: Etao International Co., Ltd. Ordinary Share
CUSIP#: G31363107
Symbol: ETAO
Marketplace Effective Date: February 21, 2023

If you would like to register as a market maker in ETAO, contact Nasdaq Trading Services at +1 212 231 5100.


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