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Mountain Crest Acquisition Corp. V to combine with CUBEBIO Co., Ltd. for a proposed business combination transaction

Aug 29, 2024•over 1 year ago

Acquiring Company

Mountain Crest Acquisition Corp. V

Acquired Company

CUBEBIO Ltd

New YorkSouth KoreaBiotechnologyHealth Care

Description

Mountain Crest Acquisition Corp. V, a special purpose acquisition company, and CUBEBIO Co., Ltd. have entered into a definitive business combination agreement for a proposed business combination transaction. CUBEBIO plans to become a public company with its securities listed on The Nasdaq Stock Market. The transaction is expected to close in the first quarter of 2025, with Mountain Crest V being the surviving entity as a direct wholly owned subsidiary of CubeBio Holdings Limited.

Company Information

Company

Mountain Crest Acquisition Corp. V

Location

New York, New York, United States

About

Mountain Crest Acquisition Corp. V is a Nasdaq-listed (Nasdaq: MCAG) special purpose acquisition company (“SPAC”) and the fifth vehicle in the Mountain Crest family of SPACs. The management of Mountain Crest V has successfully completed four prior SPAC business combinations, and it was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed