---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-006771"
form_type: "8-K"
ticker: "MCAG"
cik: "0001859035"
company_name: "Mountain Crest Acquisition Corp. V"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:50:36.618416+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mountain Crest Acquisition transfers to Nasdaq Capital after failing Global Market listing rules

## Summary
- Received Nasdaq approval Oct 23; transfer effective Oct 27, 2023, with same tickers MCAG, MCAGU, MCAGR.
- Previously failed Global Market requirements: MVLS < $50M, publicly held shares < 1.1M, MVPHS < $15M.
- Transfer resolves all deficiencies as Capital Market has less stringent continued listing standards.
- Company remains a blank-check SPAC seeking a business combination; trading unaffected by transfer.

## SEC filing metadata
- accession: 0001829126-23-006771
- form_type: 8-K
- ticker: MCAG
- cik: 0001859035
- company_name: Mountain Crest Acquisition Corp. V
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859035/000182912623006771/0001829126-23-006771-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859035/000182912623006771/mountaincrest5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-006771
- JSON: https://secwatch.observer/filing/0001829126-23-006771.json
- Plain text: https://secwatch.observer/filing/0001829126-23-006771.txt

## Key facts
- Listing & Compliance Notices
  Mountain Crest Acquisition Corp. V received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5450(b)(3)(C)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(2)(A), 5450(b)(3)(C)
  source text: May 18, 2023, the Company received a letter from Nasdaq stating that the Company failed to maintain the minimum 1,100,000 publicly held shares as required by the Nasdaq continued listing rules, and (iii) June 27, 2023, the Company received a letter from Nasdaq stating that the Company’s publicly held shares 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) based upon the Company’s MVPHS for the 30 consecutive business days prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1859035/000182912623006771/0001829126-23-006771-index.htm

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