Mountain Crest Acquisition Corp. V (MCAG): Nasdaq/NYSE listing notice — Mountain Crest Acquisition Corp. V receives Nasdaq delisting notice for insufficient publicly held shares

Mountain Crest Acquisition Corp. V

Nasdaq notice on May 18, 2023: Company fails minimum 1,100,000 publicly held shares requirement.
Company has 45 days (until July 3, 2023) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant extension until November 14, 2023 to cure deficiency.
Previously disclosed MVLS deficiency ($50M market value); transfer to Nasdaq Capital Market application pending.
No immediate delisting; Company evaluating options including appeal or transfer to Nasdaq Capital Market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Mountain Crest Acquisition Corp. V received a nasdaq deficiency notice notice regarding other (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(b)(2)(A)

Exact text from the filing

received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company no longer complies with the requirement to maintain a minimum of 1,100,000 publicly held shares for continued listing on The Nasdaq Global Market, according to the number of publicly held shares reported on its Form 8-K for May 12, 2023. The Notice has

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Mountain Crest Acquisition Corp. V filing history →

Source: SEC EDGAR

accession 0001829126-23-003675

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