secwatch.observer — SEC 8-K summary
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Issuer:     Mountain Crest Acquisition Corp. V (MCAG)
CIK:        0001859035
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0001829126-25-010028
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859035/000182912625010028/0001829126-25-010028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859035/000182912625010028/mountaincrest5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-010028

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