BofA update shows where active managers are putting money
Liu Suying, the CEO and CFO of Mountain Crest Acquisition (NASDAQ:PLBY) Corp. V (NASDAQ:MCAGU), recently sold a substantial portion of company stock. According to a recent SEC filing, Liu sold 100,000 shares at a price of $7 each, totaling $700,000. The sale comes as MCAGU trades near its 52-week high at $10.92, with InvestingPro analysis indicating the stock is currently overvalued. This transaction leaves Liu with 2,065,800 shares owned indirectly through Mountain Crest Global Holdings LLC, where Liu holds sole voting and dispositive power.
The transaction, dated February 17, 2025, indicates that while the purchase price for the shares has been received, the transfer to the purchaser will only occur upon the completion of the company’s initial business combination. This sale highlights a significant movement in Liu’s holdings as the company progresses in its strategic endeavors.
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