MCAC
Monterey Capital Acquisition Corporation
A special purpose acquisition company, or SPAC — a "blank check" company with no business of its own, formed to raise money and merge with an existing firm to take it public. Founded in 2021 and based in Monterey, California, it targeted companies in the clean energy transition and completed its mission in 2024 by merging with ConnectM Technology Solutions, an electrification technology firm, which then took over the Nasdaq listing. Its name simply reflects its home city, a common habit among SPACs.
SPACUnderlying: MCACCUSIP: 61244M208FinancialsUS1 holder
Class A common stock — Acquired by ConnectM Technology Solutions (July 12, 2024)
Total Value
$7.89M
Total Shares
792.0K
Net Share Change
+792.0K
Activity
1 buying
Investor
Value
Shares
Weight
Change
