Today’s IPO of SPAC Monterey Capital Acquisition Corp., (MCACCU), opened trading at $9.98. 8,000,000 units were priced at $10.00 per unit.

EF Hutton, a Division of Benchmark Investments, LLC, acts as sole bookrunner.

Monterey Capital Acquisition Corp., which is a new blank check organization, was established to effect a merger or capital stock exchange. It also has the potential for asset acquisitions, stock purchases, stock purchase or other similar business combinations with businesses. Although it could pursue a target for a first business combination in any type of business or industry, the Company plans to use its resources to search for businesses within the clean transition sector. Bala Padmakumar (the Company’s Chairman and Chief Executive Officer) is leading the company. Vivek Suni, Executive Vice President, Director and Daniel Davis, Chief Financial Officer, are also involved in the operation.