{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-25-002989","form_type":"8-K","ticker":"MCAG","cik":"0001859035","company_name":"Mountain Crest Acquisition Corp. V","filed_at":"2025-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.213270+00:00","generated_at":"2026-05-23T05:12:22.615825+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Mountain Crest Acquisition Corp. V obtains $500K promissory note from sponsor for working capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-25-002989","json":"https://secwatch.observer/filing/0001829126-25-002989.json","markdown":"https://secwatch.observer/filing/0001829126-25-002989.md","text":"https://secwatch.observer/filing/0001829126-25-002989.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1859035/000182912625002989/0001829126-25-002989-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1859035/000182912625002989/mountaincrest5_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T05:12:22.615825+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}