{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-004013","form_type":"8-K","ticker":null,"cik":"0001853774","company_name":"Mountain Crest Acquisition Corp. IV","filed_at":"2023-06-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.263675+00:00","generated_at":"2026-06-14T05:17:02.938325+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Mountain Crest Acquisition Corp. IV issues $400K convertible promissory note to CH-Auto","bullets":["Issued $400,000 unsecured promissory note to CH-Auto Technology Corp. on June 7, 2023.","Note due upon business combination or liquidation; bears no interest.","Convertible into MCAF common stock at $10/share at CH-Auto’s option.","Note forgiven if business combination not consummated, except for trust account funds.","Provides working capital ahead of merger deadline by July 2, 2023 per Merger Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-004013","json":"https://secwatch.observer/filing/0001829126-23-004013.json","markdown":"https://secwatch.observer/filing/0001829126-23-004013.md","text":"https://secwatch.observer/filing/0001829126-23-004013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853774/000182912623004013/0001829126-23-004013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853774/000182912623004013/mountaincrest4_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T05:17:02.938325+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40dec18a7f6645ef52fa719c5556e282348bd637","claim":"Mountain Crest Acquisition Corp. IV incurred loan of $400,000 with CH-Auto Technology Corporation Ltd. at does not bear interest maturing the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b.","evidence_excerpt":"On June 7, 2023, Mountain Crest Acquisition Corp. IV (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $400,000 (the “Note”) to CH-Auto Technology Corporation Ltd. (“CH Auto”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853774/000182912623004013/0001829126-23-004013-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$400,000"},{"label":"Counterparty","value":"CH-Auto Technology Corporation Ltd."},{"label":"Rate","value":"does not bear interest"},{"label":"Maturity","value":"the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}