secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. IV (—)
CIK:        0001853774
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001829126-23-004013
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853774/000182912623004013/0001829126-23-004013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853774/000182912623004013/mountaincrest4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer