 New York, Jan. 14, 2021 GLOBE NEWSWIRE -- Mountain Crest Acquisition Corp. II NASDAQ: MCADU, the Company announced today that the underwriters in its initial public offering, pursuant to the terms of the underwriting agreement, fully exercised their over-allotment option and, on January 14, 2021, purchased 750,000 units, generating additional gross proceeds of 7,500,000. Each unit consists of one share of common stock and one right to receive one-tenth of one share of common stock upon the consummation of an initial business combination. 