---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-003675"
form_type: "8-K"
ticker: "MCAG"
cik: "0001859035"
company_name: "Mountain Crest Acquisition Corp. V"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:32:17.822893+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mountain Crest Acquisition Corp. V receives Nasdaq delisting notice for insufficient publicly held shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-23-003675
- form_type: 8-K
- ticker: MCAG
- cik: 0001859035
- company_name: Mountain Crest Acquisition Corp. V
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859035/000182912623003675/0001829126-23-003675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859035/000182912623003675/mountaincrest5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-003675
- JSON: https://secwatch.observer/filing/0001829126-23-003675.json
- Plain text: https://secwatch.observer/filing/0001829126-23-003675.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859035/000182912623003675/0001829126-23-003675-index.htm

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