secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001829126-23-003335
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest V extends SPAC deadline to Feb 2024; 1.4M shares redeemed (~35%)
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- Extension amendment approved by shareholders; deadline pushed from May 16, 2023 to Feb 16, 2024.
- 1,405,134 shares redeemed in connection with vote, representing ~34.6% of outstanding.
- Turnout of 71.34% (2,896,598 of 4,060,008 shares); 2,859,700 voted for, 36,898 against.
- Company continues working to close business combination with AUM Biosciences (target ticker AUMB).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623003335/0001829126-23-003335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623003335/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-003335

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