secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001829126-22-020445
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MCAG stockholders approve extension to May 2023; ~4.97M shares redeemed for cash
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- Stockholders approved amendment to extend business combination deadline from Feb 16, 2023 to May 16, 2023.
- SPAC deposited $300,000 into trust account in connection with the extension.
- Approximately 4,965,892 shares tendered for redemption, representing ~55% of outstanding shares.
- SPAC previously entered into a business combination agreement with AUM Biosciences; combined entity to trade as AUMB.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912622020445/0001829126-22-020445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912622020445/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-020445

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