secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2021-11-24T23:59:59+00:00
Accession:  0001829126-21-014841
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest Acquisition Corp. V closes over-allotment, raises additional $9M from IPO units
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- Over-allotment option fully exercised: 900,000 units at $10 each, gross proceeds of $9M.
- Simultaneously sold 18,000 additional private placement units at $10 each, raising $180k.
- Total $69M in net proceeds now held in trust for a future initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912621014841/0001829126-21-014841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912621014841/mountaincrest_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-21-014841

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer