---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-21-014656"
form_type: "8-K"
ticker: "MCAG"
cik: "0001859035"
company_name: "Mountain Crest Acquisition Corp. V"
filed_at: "2021-11-22T23:59:59+00:00"
generated_at: "2026-06-28T06:17:49.960380+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mountain Crest V closes $60M IPO plus $9M over-allotment; $69M in trust

## Summary
- IPO of 6,000,000 units at $10.00/unit raised $60M gross; over-allotment of 900,000 units raised $9M.
- Private placement of 205,000 units ($2.05M) and additional 18,000 units ($0.18M) sold to sponsor.
- Net proceeds of $69M deposited into trust account for benefit of public shareholders.
- Balance sheet at Nov 16 shows $60M in trust, $610k cash outside trust, $1.8M deferred underwriting fee.
- Sponsor agreed to waive redemption rights and indemnify trust against third-party claims.

## SEC filing metadata
- accession: 0001829126-21-014656
- form_type: 8-K
- ticker: MCAG
- cik: 0001859035
- company_name: Mountain Crest Acquisition Corp. V
- filed_at: 2021-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859035/000182912621014656/0001829126-21-014656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859035/000182912621014656/mountaincrest5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-21-014656
- JSON: https://secwatch.observer/filing/0001829126-21-014656.json
- Plain text: https://secwatch.observer/filing/0001829126-21-014656.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.