---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-002383"
form_type: "8-K"
ticker: null
cik: "0001853774"
company_name: "Mountain Crest Acquisition Corp. IV"
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T11:10:00.887616+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mountain Crest SPAC extends deadline to July 2, 2023, borrows $350K from target CH Auto

## Summary
- Extended business combination deadline from April 2 to July 2, 2023 by depositing $343,936 into trust.
- Borrowed $350,000 from CH Auto Technology (target company) via unsecured promissory note.
- Note is non-interest bearing, due at close of business combination or liquidation.
- Note may be converted into common stock at $10.00/share at CH Auto's option.
- Proceeds used to fund the extension deposit into trust account.

## SEC filing metadata
- accession: 0001829126-23-002383
- form_type: 8-K
- cik: 0001853774
- company_name: Mountain Crest Acquisition Corp. IV
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853774/000182912623002383/0001829126-23-002383-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853774/000182912623002383/mountaincrest4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-002383
- JSON: https://secwatch.observer/filing/0001829126-23-002383.json
- Plain text: https://secwatch.observer/filing/0001829126-23-002383.txt

## Key facts
- Debt Financings
  Mountain Crest Acquisition Corp. IV incurred convertible notes of $350,000 with CH AUTO (CH Auto Technology Corporation Ltd.) maturing due and payable on the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Compan.
  - Instrument: convertible notes
  - Principal: $350,000
  - Counterparty: CH AUTO (CH Auto Technology Corporation Ltd.)
  - Maturity: due and payable on the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Compan
  - Event: incurrence
  source text: On March 29, 2023, the Company issued an unsecured promissory note in the aggregate principal amount of $350,000 (the "Note") to CH AUTO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853774/000182912623002383/0001829126-23-002383-index.htm

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