secwatch / observer
8-K filed May 12, 2023, 7:59 PM ET ticker MCAG CIK 0001859035
other material confidence high sentiment negative materiality 0.65

Mountain Crest V extends SPAC deadline to Feb 2024; 1.4M shares redeemed (~35%)

Mountain Crest Acquisition Corp. V

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Mountain Crest Acquisition Corp. V: Extended the business combination period from May 16, 2023 to February 16, 2024 by filing an amendment to the Amended and Restated Certificate of Incorporation (effective 2023-05-12).

Change
charter amendment
Effective
2023-05-12
Exact text from the filing
As approved by its stockholders at the special meeting of Stockholders held on May 12, 2023 (the “Special Meeting”), Mountain Crest Acquisition Corp V (“SPAC”) filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on May 12, 2023 (the “Extension Amendment”), giving SPAC the right to extend the time for SPAC to complete its business combination (the “Business Combination Period”) from May 16, 2023 to February 16, 2024.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Mountain Crest Acquisition Corp. V shareholders approved Extension Amendment - to amend SPAC’s Amended and Restated Certificate of Incorporation to extend the Business Combination Period from May 16, 2023 to February 16, 2024 at the 2023-05-12 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-05-12
Exact text from the filing
Extension Amendment Stockholders approved the proposal to amend SPAC’s Amended and Restated Certificate of Incorporation, giving SPAC the right to extend the Business Combination Period from May 16, 2023 to February 16, 2024. Adoption of the Extension Amendment required approval by the affirmative vote of at least a majority of SPAC’s outstanding shares of common stock. The voting results were as follows: FOR AGAINST ABSTAIN 2,859,700 36,898 0
View on SEC.gov

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Mountain Crest Acquisition Corp. V filing history →

Source: SEC EDGAR
accession 0001829126-23-003335
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