Mountain Crest Acquisition Corp. V (MCAG): Nasdaq/NYSE listing notice — Mountain Crest Acquisition Corp. V receives Nasdaq delisting notice for failing $35M MVLS requirement

Mountain Crest Acquisition Corp. V

Nasdaq notified MCAG on Dec 13, 2023 that its market value of listed securities fell below $35M for 30 consecutive business days.
Company has until June 10, 2024 to regain compliance by closing MVLS at $35M or more for 10 consecutive business days.
Notice has no immediate effect on listing; securities continue to trade on Nasdaq during the 180-day cure period.
There is no assurance the company can regain compliance or maintain other Nasdaq continued listing requirements.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Mountain Crest Acquisition Corp. V received a nasdaq noncompliance notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

December 13, 2023, Mountain Crest Acquisition Corp. V, a Delaware corporation (the “Company”), received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company’s listed securities failed to comply with the $35,000,000 market value of listed securities (“MVLS”) requirement for continued listing on The Nasdaq Capital Market in accordance with Nasdaq Listing Rule 5550(b)(2) based upon the Company’s MVLS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company’s securities on Nasd

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Mountain Crest Acquisition Corp. V filing history →

Source: SEC EDGAR

accession 0001829126-23-008111

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