{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-001574","form_type":"8-K","ticker":"MCAG","cik":"0001859035","company_name":"Mountain Crest Acquisition Corp. V","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.214015+00:00","generated_at":"2026-06-19T09:46:50.115439+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Mountain Crest Acquisition V extends business combination deadline to May 16, 2023 via $300K sponsor loan","bullets":["SPAC extended deadline to complete business combination from Feb 16, 2023 to May 16, 2023 by depositing $300,000 into trust.","Sponsor Mountain Crest Global Holdings loaned $300,000 via a non-interest bearing unsecured promissory note.","Note due upon consummation of business combination; convertible into private units at $10/unit at sponsor's election.","Note will be forgiven if no business combination by May 16, 2023, except for funds held outside trust."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-001574","json":"https://secwatch.observer/filing/0001829126-23-001574.json","markdown":"https://secwatch.observer/filing/0001829126-23-001574.md","text":"https://secwatch.observer/filing/0001829126-23-001574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623001574/0001829126-23-001574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623001574/mountaincrest5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T09:46:50.115439+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0609ddacfa716eb924091fa4447b59fec52354f4","claim":"Mountain Crest Acquisition Corp. V incurred loan of $300,000 with Mountain Crest Global Holdings LLC at non-interest bearing maturing upon SPAC’s consummation of an initial business combination.","evidence_excerpt":"On February 15, 2023, SPAC issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of $300,000 (the “Note”) to the Sponsor.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623001574/0001829126-23-001574-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$300,000"},{"label":"Counterparty","value":"Mountain Crest Global Holdings LLC"},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"upon SPAC’s consummation of an initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}