---
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"
generated_at: "2026-06-14T05:17:02.938325+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mountain Crest Acquisition Corp. IV issues $400K convertible promissory note to CH-Auto

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-23-004013
- form_type: 8-K
- cik: 0001853774
- company_name: Mountain Crest Acquisition Corp. IV
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-004013
- JSON: https://secwatch.observer/filing/0001829126-23-004013.json
- Plain text: https://secwatch.observer/filing/0001829126-23-004013.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $400,000
  - Counterparty: CH-Auto Technology Corporation Ltd.
  - Rate: does not bear interest
  - Maturity: 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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1853774/000182912623004013/0001829126-23-004013-index.htm

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