---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-004524"
form_type: "8-K"
ticker: "MCAG"
cik: "0001859035"
company_name: "Mountain Crest Acquisition Corp. V"
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T14:22:02.171369+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MCAG receives Nasdaq delisting notice for failing MVPHS minimum of $15M

## Summary
- On June 27, 2023, Nasdaq notified MCAG that its Market Value of Publicly Held Shares (MVPHS) fell below $15M for 30 consecutive business days.
- Company has until December 26, 2023 to submit a compliance plan; must maintain MVPHS ≥$15M to regain compliance.
- MCAG also faces prior deficiencies: MVLS <$50M (April 2023) and publicly held shares <1.1M (May 2023).
- Company has applied for transfer from Nasdaq Global Market to Nasdaq Capital Market.
- There is no immediate effect on listing, but continued listing is uncertain.

## SEC filing metadata
- accession: 0001829126-23-004524
- form_type: 8-K
- ticker: MCAG
- cik: 0001859035
- company_name: Mountain Crest Acquisition Corp. V
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859035/000182912623004524/0001829126-23-004524-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859035/000182912623004524/mountaincrest5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-004524
- JSON: https://secwatch.observer/filing/0001829126-23-004524.json
- Plain text: https://secwatch.observer/filing/0001829126-23-004524.txt

## Key facts
- Listing & Compliance Notices
  Mountain Crest Acquisition Corp. V received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(3)(C)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: market value
  - Rules: 5450(b)(3)(C)
  source text: June 27, 2023, Mountain Crest Acquisition Corp. V, a Delaware corporation (the “Company”), received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company’s listed securities failed to maintain a minimum Market Value of Publicly Held Shares (“MVPHS”) of $15,000,000 which is a requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(3)(C) (the “MVPHS Requirement”) based upon the Company’s MVPHS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859035/000182912623004524/0001829126-23-004524-index.htm

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