CH Auto Technology Corporation Ltd. Completes Business Combination
Mountain Crest Acquisition Corp. IV - Unit (MCAFU)
Company Research
Source: GlobeNewswire
BEIJING and NEW YORK, March 30, 2024 (GLOBE NEWSWIRE) -- CH Auto Technology Corporation Ltd. (“CHATC”), a company formed under the laws of the Peoples Republic of China (“PRC”), an electric vehicle manufacturing and design service company based in China, and Mountain Crest Acquisition Corp. IV (Nasdaq: MCAF), a Delaware corporation that was a publicly-traded special purpose acquisition company (“MCAF”), today announced that on March 28, 2024, the closing of their business combination transaction occurred, pursuant to an Agreement and Plan of Merger (as amended and restated on December 23, 2022 and further amended on March 1, 2023, the “Merger Agreement”) by and among the CHATC, MCAF, CH Auto, Inc., a Cayman Islands exempted company (“CH Auto”) and CH-Auto Merger Sub Corp., a Delaware corporation and wholly owned subsidiary of CH Auto (“Merger Sub”). In accordance with the Merger Agreement, among other things, CH Auto became the owner of 71.2184% of the voting rights of CHATC and
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