secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001829126-23-004262
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest Acquisition Corp. V announces termination of business combination with AUM Biosciences
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- AUM Biosciences delivered termination notice on June 8, 2023, ending the Business Combination Agreement.
- Mountain Crest's board cancelled the special meeting of stockholders scheduled for June 23, 2023.
- Transfer agent will not process any share redemption requests submitted by stockholders.
- Original deal was signed October 19, 2022, amended multiple times, with combined company to trade as AUMB.
- SPAC now must seek an alternative target or face potential liquidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623004262/0001829126-23-004262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623004262/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004262

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