MCAG receives Nasdaq delisting notice for failing to complete business combination within 36 months

Mountain Crest Acquisition Corp. V

Nasdaq notified MCAG on Nov 14, 2024 that it failed to meet IM-5101-2 by not completing a business combination within 36 months of IPO effective date (Nov 12, 2021).
Company will not appeal; trading on Nasdaq will be suspended at the open on Nov 21, 2024.
Company expects securities to commence trading on the OTC market on Nov 21, 2024.

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