secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001829126-23-004524
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623004524/0001829126-23-004524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623004524/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004524

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