secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001829126-23-003675
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623003675/0001829126-23-003675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623003675/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-003675

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