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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Mountain Crest Acquisition Corp (“Mountain Crest” or the “Company”) (NASDAQ: MCAC) with Playboy Enterprises, Inc. The terms of the proposed transaction leave the public investors of Mountain Crest with only 17.5% ownership of the combined company.
The Mountain Crest merger investigation concerns whether the Board of Mountain Crest has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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