---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-005987"
form_type: "8-K"
ticker: "MCAG"
cik: "0001859035"
company_name: "Mountain Crest Acquisition Corp. V"
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:51:26.498528+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MCAG (SPAC) enters $375M merger with CUBEBIO, a Korean company

## Summary
- Implied equity value of $375M based on $10.00 per PubCo ordinary share exchange ratio.
- SPAC sponsor and directors agree to vote in favor and waive redemption rights.
- CUBEBIO shareholders also execute support agreement to approve the deal.
- Closing must occur by May 15, 2025; SPAC may extend timeline by up to 6 months.
- Breakup fee of $1 million payable if deal fails under certain termination scenarios.

## SEC filing metadata
- accession: 0001829126-24-005987
- form_type: 8-K
- ticker: MCAG
- cik: 0001859035
- company_name: Mountain Crest Acquisition Corp. V
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859035/000182912624005987/0001829126-24-005987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859035/000182912624005987/mountaincrest5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-005987
- JSON: https://secwatch.observer/filing/0001829126-24-005987.json
- Plain text: https://secwatch.observer/filing/0001829126-24-005987.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.