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

Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001829126-23-008111
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain Crest Acquisition Corp. V receives Nasdaq delisting notice for failing $35M MVLS requirement
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623008111/0001829126-23-008111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912623008111/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-008111

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