{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-007051","form_type":"8-K","ticker":"MCAG","cik":"0001859035","company_name":"Mountain Crest Acquisition Corp. V","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.150765+00:00","generated_at":"2026-06-09T03:16:24.593269+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Mountain Crest Acquisition Corp. V issues $400K promissory note to sponsor for working capital","bullets":["Issued $400,000 unsecured note to sponsor Mountain Crest Global Holdings LLC; no interest, due upon business combination or liquidation.","Proceeds used for working capital; note repayable only from funds outside trust if no deal closes.","Sponsor waives any claim against trust account proceeds from IPO.","Note is drawn down in increments via written notice; maximum aggregate $400,000."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-007051","json":"https://secwatch.observer/filing/0001829126-23-007051.json","markdown":"https://secwatch.observer/filing/0001829126-23-007051.md","text":"https://secwatch.observer/filing/0001829126-23-007051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623007051/0001829126-23-007051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623007051/mountaincrest5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:16:24.593269+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":"ff4ddfc24cde791df89dcd688d256e9d683aef50","claim":"Mountain Crest Acquisition Corp. V incurred loan of up to $400,000 with Mountain Crest Global Holdings LLC at does not bear interest maturing on the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if.","evidence_excerpt":"On October 30, 2023, Mountain Crest Acquisition Corp. V (the “Company”) issued an unsecured promissory note in the aggregate principal amount up to $400,000 (the “Note”) to Mountain Crest Global Holdings LLC, the Company’s sponsor (the “Sponsor”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1859035/000182912623007051/0001829126-23-007051-index.htm","confidence":0.5,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $400,000"},{"label":"Counterparty","value":"Mountain Crest Global Holdings LLC"},{"label":"Rate","value":"does not bear interest"},{"label":"Maturity","value":"on the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}