{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-002749","form_type":"8-K","ticker":"MCAG","cik":"0001859035","company_name":"Mountain Crest Acquisition Corp. V","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.936962+00:00","generated_at":"2026-06-03T09:51:56.989614+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Mountain Crest V converts $600K in sponsor notes into 150K shares of common stock","bullets":["Principal amount of $600,000 in promissory notes converted into 150,000 shares of common stock at $4.00/share effective April 19, 2024.","Sponsor receives demand and piggyback registration rights for 5 years after initial business combination.","Conversion eliminates $600,000 debt and was approved by audit committee.","Shares issued as unregistered securities under Section 4(a)(2) and Regulation D."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-002749","json":"https://secwatch.observer/filing/0001829126-24-002749.json","markdown":"https://secwatch.observer/filing/0001829126-24-002749.md","text":"https://secwatch.observer/filing/0001829126-24-002749.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859035/000182912624002749/0001829126-24-002749-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859035/000182912624002749/mountaincrest5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:51:56.989614+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":"fe580567e8378cae196bfb13ee8d7f6e00c8b7e5","claim":"Mountain Crest Acquisition Corp. V entered into Note Conversion Agreement with Mountain Crest Global Holdings LLC valued at $600,000 (effective 2024-04-19).","evidence_excerpt":"On April 19, 2024, as approved by the Company’s audit committee, the Company entered into a note conversion agreement (the “Note Conversion Agreement”) with the Sponsor, to convert the Principal Amount due under the Notes into 150,000 shares of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1859035/000182912624002749/0001829126-24-002749-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Mountain Crest Global Holdings LLC"},{"label":"Value","value":"$600,000"},{"label":"Effective","value":"2024-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}