Mountain Crest Acquisition Corp. V obtains $500K promissory note from sponsor for working capital

Mountain Crest Acquisition Corp. V

Issued $500,000 unsecured promissory note to sponsor Mountain Crest Global Holdings LLC on April 25, 2025.
Note bears no interest; principal due at earlier of business combination or liquidation.
Proceeds used for working capital; note forgivable if no business combination except trust funds.
Drawdowns available in writing; maximum aggregate draws cannot exceed $500,000.
Sponsor waives any claim against SPAC trust account for repayment.

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