{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-006202","form_type":"8-K","ticker":"MCAG","cik":"0001859035","company_name":"Mountain Crest Acquisition Corp. V","filed_at":"2023-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.846762+00:00","generated_at":"2026-06-10T13:55:00.796762+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Mountain Crest V converts $2.1M in liabilities into 525,000 shares via vendor and note conversion agreements","bullets":["Aggregate $1.8M vendor liabilities converted into 450,000 shares at $4.00/share, extinguishing the debts.","$300K sponsor promissory note converted into 75,000 shares at $4.00 implied price per share.","Shares issued in reliance on Section 4(a)(2) and Regulation D as no general solicitation was used.","Holders receive one demand registration and unlimited piggyback rights for five years post-business combination.","Total 525,000 shares issued extinguishes $2.1M of obligations, reducing balance-sheet liabilities."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-006202","json":"https://secwatch.observer/filing/0001829126-23-006202.json","markdown":"https://secwatch.observer/filing/0001829126-23-006202.md","text":"https://secwatch.observer/filing/0001829126-23-006202.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623006202/0001829126-23-006202-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623006202/mountaincrest5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T13:55:00.796762+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"84c8b550239de3c5fbdd25fbc584554cfd056388","claim":"Mountain Crest Acquisition Corp. V entered into Vendor Liability Conversion Agreements with four vendors valued at $1,800,000 of service fees converted into 450,000 shares of Common Stock (effective 2023-09-13).","evidence_excerpt":"On September 13, 2023, Mountain Crest Acquisition Corp. V (the “Company”) entered into four separate vendor liability conversion agreements (the “Vendor Liability Conversion Agreements”) with four of the Company’s vendors.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623006202/0001829126-23-006202-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"four vendors"},{"label":"Value","value":"$1,800,000 of service fees converted into 450,000 shares of Common Stock"},{"label":"Effective","value":"2023-09-13"}],"fact_type":"material_agreement"},{"claim_id":"f420ae9e692285cbc6fd3250c95885da7a8abaef","claim":"Mountain Crest Acquisition Corp. V entered into Note Conversion Agreement with Mountain Crest Global Holdings LLC (Sponsor) valued at $300,000 Note converted into 75,000 shares of Common Stock (effective 2023-09-13).","evidence_excerpt":"On September 13, 2023, as approved by the Company’s audit committee, the Company entered into a note conversion agreement (the “Note Conversion Agreement”) with the Sponsor, to convert the Note into 75,000 shares of the Company’s Common Stock.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623006202/0001829126-23-006202-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Mountain Crest Global Holdings LLC (Sponsor)"},{"label":"Value","value":"$300,000 Note converted into 75,000 shares of Common Stock"},{"label":"Effective","value":"2023-09-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}