secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001829126-23-002611
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest Acquisition Corp. V receives Nasdaq delisting notice for failing $50M market value requirement
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- Received Nasdaq notice on April 3, 2023 for failing $50M MVLS requirement for 30 consecutive business days.
- Granted 180-day period until Oct 2, 2023 to regain compliance by achieving $50M MVLS for ten consecutive days.
- Company applied to transfer listing to Nasdaq Capital Market; transfer requires application and $5,000 fee.
- No immediate effect on listing, but risk of delisting if compliance not regained or transfer denied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623002611/0001829126-23-002611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623002611/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-002611

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