 Mountain Crest Acquisition Corp NASDAQ: MCACU, the Company announced today that the underwriters in its initial public offering, pursuant to the terms of the underwriting agreement, partially exercised their over-allotment option and, on June 19, 2020, purchased 749,800 units, generating additional gross proceeds of 7,498,000. 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. 