secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001829126-23-005604
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest V shareholders approve charter changes extending deadline to Nov 2024, removing China target restriction
--------------------------------------------------------------------------------

- Extension deadline for initial business combination moved to November 16, 2024, with $0.10/Public Share deposit per three-month extension starting Nov 17, 2023.
- Net tangible book value requirement eliminated; restrictions on pre-combination equity issuances removed.
- Prohibition on business combinations with China-based targets removed (principal operations in China, Hong Kong, Macau).
- 2,291,900 shares voted FOR each proposal; 9,653 shares tendered for redemption.
- Todd Milbourn and Wenhua Zhang elected as directors; UHY LLP ratified as auditor for FY 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623005604/0001829126-23-005604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623005604/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-005604

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