secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001829126-21-014534
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest Acquisition Corp. V closes IPO of 6.9M units, raising $69M
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- Sold 6,000,000 units at $10.00 each in IPO, plus 900,000 over-allotment units, generating aggregate gross proceeds of $69,000,000.
- Proceeds of $69,000,000 placed into trust account for benefit of public shareholders pending initial business combination.
- Sponsor Mountain Crest Global Holdings LLC purchased 223,000 private units for $2,230,000 in concurrent private placements.
- Each unit consists of one share of common stock and one right to receive one-tenth of a share upon consummation of a business combination.
- Company is a blank check company seeking a merger with one or more businesses; no target identified.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912621014534/0001829126-21-014534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912621014534/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-21-014534

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