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

Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001829126-23-006771
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623006771/0001829126-23-006771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623006771/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-006771

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