Recent 8-K filings for MCAG
Highest-materiality recent filing
MCAG receives Nasdaq delisting notice for failing to complete business combination within 36 months
- Nasdaq notified MCAG on Nov 14, 2024 that it failed to meet IM-5101-2 by not completing a business combination within 36 months of IPO effective date (Nov 12, 2021).
- Company will not appeal; trading on Nasdaq will be suspended at the open on Nov 21, 2024.
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MCAG receives Nasdaq delisting notice for failing to complete business combination within 36 months
Nasdaq notified MCAG on Nov 14, 2024 that it failed to meet IM-5101-2 by not completing a business combination within 36 months of IPO effective date (Nov 12, 2021).
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Stockholders approved extension of Business Combination Period to November 16, 2025 via Amendment No. 4 to charter (75.25% of shares voted FOR).
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Mountain Crest Receives Nasdaq Deficiency for Late Qs; Files Q1 10-Q, Submits Compliance Plan
Received Nasdaq notice on Sept 13 for failure to timely file Q1 and Q2 10-Qs.
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Nasdaq confirms Mountain Crest V compliance after filing delinquent 10-K; matter closed
Received Nasdaq notice July 18, 2024 for failure to file Form 10-K (2023) and Form 10-Q (Q1 2024).
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MCAG (SPAC) enters $375M merger with CUBEBIO, a Korean company
Implied equity value of $375M based on $10.00 per PubCo ordinary share exchange ratio.
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Nasdaq notifies Mountain Crest of deficiency for late 10-K and 10-Q filing
Received Nasdaq deficiency notice on July 18, 2024, for failure to timely file Form 10-K (2023) and Form 10-Q (Q1 2024).
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Mountain Crest V regains Nasdaq MVLS compliance; delisting risk resolved
Previously failed $35M market value of listed securities (MVLS) rule.
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Mountain Crest V announces non-binding term sheet to combine with CUBEBIO at $620M pre-money value
Pre-transaction equity value of CUBEBIO set at $620 million, subject to adjustment.
Materiality & sentiment trend
Max materiality 0.90 · Median 0.57 · Most common event regulatory