---
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"
generated_at: "2026-05-23T05:12:22.615825+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-002989
- JSON: https://secwatch.observer/filing/0001829126-25-002989.json
- Plain text: https://secwatch.observer/filing/0001829126-25-002989.txt

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