Owl Creek Asset Management, L.P. - Feb 17, 2023 Form 4 Insider Report for Mountain Crest Acquisition Corp. III (MCAE)

Role: 10%+ Owner
Signature: Owl Creek Asset Management, L.P., By: /s/ Owl Creek GP, L.L.C., its general partner, By: /s/ Jeffrey A. Altman, Managing Member
Stock symbol: MCAE
Transactions as of: Feb 17, 2023
Transactions value $: -$5,383,521
Form type: 4
Date filed: 2/22/2023, 03:31 PM
Previous filing: Feb 6, 2023
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCAE	Common Stock, par value $0.0001 per share	Other	-$5.38M	-522K	-100%	$10.31	0	Feb 17, 2023	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the closing of the Issuer's business combination, the shares held by OCCOMF and the Managed Account (each as defined below) were redeemed.
F2	The securities to which this filing relates were held directly by (i) Owl Creek Credit Opportunities Master Fund, L.P., a Cayman Islands exempted limited partnership ("OCCOMF"), to which Owl Creek Asset Management, L.P., a Delaware limited partnership, (the "Investment Manager") serves as investment manager and (ii) a sub-account (the "Managed Account") to which the Investment Manager serves as sub-advisor. Jeffrey A. Altman ("Mr. Altman") is the managing member of the general partner of the Investment Manager. Each of the Investment Manager and Mr. Altman disclaims beneficial ownership of the securities to which this filing relates for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except to the extent of his or its pecuniary interest therein, if any.

Content

In connection with the closing of the Issuer's business combination, the shares held by OCCOMF and the Managed Account (each as defined below) were redeemed.

The securities to which this filing relates were held directly by (i) Owl Creek Credit Opportunities Master Fund, L.P., a Cayman Islands exempted limited partnership ("OCCOMF"), to which Owl Creek Asset Management, L.P., a Delaware limited partnership, (the "Investment Manager") serves as investment manager and (ii) a sub-account (the "Managed Account") to which the Investment Manager serves as sub-advisor. Jeffrey A. Altman ("Mr. Altman") is the managing member of the general partner of the Investment Manager. Each of the Investment Manager and Mr. Altman disclaims beneficial ownership of the securities to which this filing relates for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except to the extent of his or its pecuniary interest therein, if any.