Mountain Crest Acquisition Corp. III Closes Its Business Combination With ETAO International Group

February 18, 2023

https://www.globenewswire.com/news-release/2023/02/17/2610991/0/en/Mountain-Crest-Acquisition-Corp-III-Closes-Its-Business-Combination-With-ETAO-International-Group.html

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) — Mountain Crest Acquisition Corp. III (Nasdaq:MCAE; “Mountain Crest”), a publicly traded special purpose acquisition corporation or SPAC, today announced the completion of its business combination with ETAO International Group (“EIG”), a digital healthcare group providing high quality medical care using biomedical and AI technologies to patients in China. The securities of ETAO International Co., Ltd. (“ETAO”), the parent holding company of the resulting combined company, will commence trading its shares on Nasdaq under the ticker symbol “ETAO” on February 21, 2023.

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