Monterey Capital Acquisition Corporation
In talks with ConnectM
None
Rumor from
SPAC Details
Ticker : MCAC
Status : Definitive Agreement
Sector : Asia-focused
Target :
not announced
Trust account : $ 93.0 million
Underwriters : EF Hutton
Lawyers : Mint, evi, oh, erri, lovsky and Pope, , Seward & Kissel LLP
IPO : May. 11, 2022
Target Announced : Jan. 03, 2023
Merger Closed : n/a
Liquidation : Nov. 13, 2023
CEO & Chairman : Bala Padmakumar
Chief Financial Officer : Daniel R. Davis
Exec. VP & Director : Dr. Vivek K. Soni Ph.D.
Performance
Common Price : $ 9.94
NAV : $ 10.00
Premium to NAV : -1%
Warrant Price : $ 0.04
Warrant Strike : $ 11.50
Warrant Intrinsic Value : $ 0.00
Total Return : 1%
Annualized Return : 3%
Annualized Volatility : 3%
Sharpe Ratio : -8.13
Maximum Drawdown : 1%
ConnectM
None
Target announced on Jan. 03, 2023
Transaction Overview and Valuation
Equity Value at $10 per share : $ None
Equity Value at current $ per share :
$ 92.8 million
Enterprise Value at $10 per share : $ None
Business Combination Proceeds :
$ 93.0 million Cash in Trust +
$ None PIPE
None
None
see Investor Presentation
No graph available.
Source: Investor presentation. For the latest financial projections please refer to the investor relations department of the company.