Mountain Crest Acquisition Corp. V enters $500K promissory note with sponsor for working capital

Mountain Crest Acquisition Corp. V

Issued unsecured promissory note up to $500,000 to sponsor Mountain Crest Global Holdings LLC on December 11, 2025.
Note is non-interest bearing; principal due upon earlier of initial business combination or liquidation.
Proceeds will be used for working capital; note was authorized by independent board members.
In the event of liquidation without a business combination, repayment only from funds outside the trust account.
Sponsor waives any claim against the trust account.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Mountain Crest Acquisition Corp. V incurred loan of up to $500,000 with Mountain Crest Global Holdings LLC maturing the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b.

Instrument: loan
Principal: up to $500,000
Counterparty: Mountain Crest Global Holdings LLC
Maturity: the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b
Event: incurrence

Exact text from the filing

On December 11, 2025, Mountain Crest Acquisition Corp. V (the “Company”) issued an unsecured promissory note in the aggregate principal amount up to $500,000 (the “Note”) to Mountain Crest Global Holdings LLC, the Company’s sponsor (the “Sponsor”).

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311 debt financings filed in the last 30 days. Browse all debt financings →

Mountain Crest Acquisition Corp. V filing history →

Source: SEC EDGAR

accession 0001829126-25-010028

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